Quintinha Residence in Portimao

Name: Sales in Quintinha Residence started!
Start: 2022-01-31T18:13:10.047222+00:00
End: 2023-12-31T23:59:59+0000
Location: Quintinha Residence

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Project info

Object ID: 17663

Finished at	January 2022
Price, m²	From 2975$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	4
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

297,500$

Net profit

9,376$

Payback period

25.3 years

Avg property value increase per year

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About the project

Fantastic new build apartment block with 2 apartments per floor, spanning 4 storeys. Consisting of T2 & T3 apartments above state of the art commercial properties, set right in the heart of Portimão close to the Aqua Centre, supermarkets, hospital, train station, schools, shops, bars, restaurants & other local amenities. Just few minutes walk to the beautiful harbour and a short drive to Alvor, Praia da Rocha, Praia do Vau & Ferragudo. All apartments have quality finishings, suspended ceilings with built in air-conditioning, special thermic insulation & a double box garage.