Ruby on the Park in Beer Sheva

Name: 📣 300$ — discount certificate
Start: 2020-04-29T11:55:47.858553+00:00
End: 2023-12-31T23:59:59+0000
Location: Ruby on the Park

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Project info

Object ID: 6944

Finished at	August 2019
Price, m²	From 2590$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	9
Apartments	168
Building phase	Completed
Condition	Black walls
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

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

77,700$

Net profit

5,906$

Payback period

9.6 years

Avg property value increase per year

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About the project

The ruby project on the park, which includes 168 residential units, is located in the heart of a green and pastoral avenue and offers a wide range of apartments including: 3, 4 and 5 room apartments, mini penthouses, penthouses and garden apartments. The apartments are designed to provide lots of natural light, air and privacy. All this with the help of large balconies, a ventilated front facing the kitchen and living room and spacious master units.

Two of the planned buildings are boutique buildings. Each building will contain 2 housing units on each floor and each unit will have 3 air directions. The boutique buildings will stand a long way from the neighboring buildings, creating a sense of privacy and space and offering a range of luxury apartments including garden and special roof apartments.

Developer

Founded in 2009, Milestones is engaged in the initiation of residential projects in Israel (saturation construction, cost of housing, urban …
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