HaGalil 16 in Raanana

Name: 📣 300$ — discount certificate
Start: 2020-05-21T11:04:41.384082+00:00
End: 2023-12-31T23:59:59+0000
Location: HaGalil 16

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Construction

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Project info

Object ID: 7545

Finished at	July 2019
Price, m²	From 7000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	8
Apartments	25
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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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

210,000$

Net profit

5,906$

Payback period

25.9 years

Avg property value increase per year

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About the project

This is a very old, decades-old building, its common systems are on the verge of collapse - the sewer system is constantly flooded, the old power system is shortened, and there have been a number of gas leaks. Tenants do not have commands and during an emergency they do not have shelter.

The building will be added 2.5 floors, 2 ground floor housing units (garden apartments). The building will change its face unmistakably and will become a real gem.

Developer

Together Group has been active in the construction industry for about 35 years and behind it a wide range of quality and complex projects. T…
Details about Together Group