Edificio Mito Astrea in Malaga

Name: Sales in Edificio Mito Astrea started!
Start: 2021-03-15T08:20:51.497444+00:00
End: 2023-12-31T23:59:59+0000
Location: Edificio Mito Astrea

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Project info

Object ID: 11554

Finished at	November 2021
Price, m²	From 2140$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 109.00 m²
Floors	3
Apartments	48
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

233,260$

Net profit

9,376$

Payback period

19.8 years

Avg property value increase per year

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About the project

48 homes in a private urbanization, with swimming pool, paddle tennis courts and large green areas, ideal for families to enjoy.

Floors of 2, 3 and 4 bedrooms with large terraces and solarium, distributed in 3 heights, low, first and second, parking and storage included.

A location 5 minutes from the University of Malaga, Justice Palace, Clinical Hospital. Located northeast of the city of Malaga, in full expansion and very well connected to the A-7 and A-357. Close to Teatinos, El Consúl, El Atabal and the center of Málaga.