NIKI RESIDENCE in Sofia

Name: NIKI RESIDENCE
Brand: NIKI RESIDENCE
SKU: 12344
Availability: InStock

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Project info

Object ID: 12344

Finished at	May 2021
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	12
Apartments	96
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Konstantin Velichkov 5 min Vardar 14 min Opalchenska 15 min Khan Kubrat 18 min Princess Marie Louise 19 min Nadezhda 21 min
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Personal discount certificate 300$
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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

64,800$

Net profit

7,229$

Payback period

6.8 years

Avg property value increase per year

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About the project

NIKI RESIDENCE is a modern residential building in the Holy Trinity district with a modern vision and clean architectural details. The building is designed according to the highest standards of modern construction, combining convenience, functionality and excellent location situated in the wide center of Sofia, and the completed project is consistent with the nature of the surrounding urban environment. In the design of the building, the guiding principles are the comfort of the occupants and the energy efficiency of the building.