Connie Residence in Limassol

Name: Sales in Connie Residence started!
Start: 2021-04-26T09:14:16.845650+00:00
End: 2023-12-31T23:59:59+0000
Location: Connie Residence

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Project info

Object ID: 12041

Finished at	July 2021
Price, m²	From 3890$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	4
Apartments	10
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

272,300$

Net profit

7,813$

Payback period

26.9 years

Avg property value increase per year

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About the project

It consists of 10 spacious apartments

of 1 Bedrooms

2 Bedrooms, 3 Bedrooms & 3 + 1 Bedrooms

each made of very high quality materials of the highest standards but also the best brands in sanitary ware, ceramics, aluminum, doors and cabinets

The exterior as well as the interior of the building are decorated with many modern décor and architecture which make it very special and distinct from other buildings in the area

Developer

Andreas K. Xenofontos Developers Ltd has more than 25 years of experience in the developing and construction field and consists of more than…
Details about Xenofontos