NEO FRASCATI in Ghent

Name: Sales in NEO FRASCATI started!
Start: 2022-01-13T06:42:28.385591+00:00
End: 2023-12-31T23:59:59+0000
Location: NEO FRASCATI

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Project info

Object ID: 17234

Finished at	December 2018
Price, m²	From 3500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	5
Apartments	16
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

210,000$

Net profit

7,229$

Payback period

22.1 years

Avg property value increase per year

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About the project

Neo Frascati consists of 14 apartments and 2 penthouses. There are also 9 very spacious private storage rooms and a ground-level bicycle storage room. Nestled along the Coupure, this small-scale development enjoys a prime location.

The architectural design reflects contemporary design. For the name Frascati we travel back to the year 1750. De Coupure was excavated in 1750 and became a favorite walking place for the Ghent bourgeoisie. In addition to the inevitable inns, there were also a few gardeners and flower growers. The home of the Ghent gardeners was the inn "Au jardin de Frascati" on the Coupure on the right. Furthermore, Frascati is also an Italian city known for its fine wine.