FOUNTAINS CITY in Sofia

Name: 📣 300$ — discount certificate
Start: 2021-06-07T12:52:43.671223+00:00
End: 2023-12-31T23:59:59+0000
Location: FOUNTAINS CITY

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Construction

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Project info

Object ID: 12496

Finished at	June 2021
Price, m²	From 1300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	8
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near supermarket Nearby subway stations Mladost 3 11 min Sofia Business Park 11 min Akademik Aleksandar Teodorov-Balan 11 min Aleksandar Malinov 14 min Inter Expo Center - Tsarigradsko shose 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

39,000$

Net profit

5,906$

Payback period

4.8 years

Avg property value increase per year

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About the project

Scanwell invests in the construction of the Fountains City complex, which is located in one of the most attractive areas of Sofia - Mladost 4. It is located near the main roads - Alexander Malinov Blvd. and the Ring Road, which makes entering and leaving the city extremely easy. In addition, "Fountains" is located at the foot of Vitosha Mountain and only 10 minutes from the ski lift in Simeonovo.

The possibilities for transportation by public transport are metro station Business Park (600 meters), bus stop - №76, №213, №314 (100 meters). Sofia Airport is 10 km away.

Within walking distance are 131 SU (2min), Kindergarten "Sarnichka" (5min) and Kindergarten "Faith, Hope and Love" (5min), as well as "Park Mladost 4

The neighborhood has a wide variety of supermarkets and shops.