Forest City 2 in Tekirdag

Name: Sales in Forest City 2 started!
Start: 2020-03-11T08:47:33.414324+00:00
End: 2023-12-31T23:59:59+0000
Location: Forest City 2

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Project info

Object ID: 5716

Finished at	January 2020
Price, m²	From 460$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 110.00 m²
Floors	17
Apartments	340
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

50,600$

Net profit

9,376$

Payback period

4.3 years

Avg property value increase per year

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About the project

The Forest City 2 project, which rises in Çerkezköy by Power Construction, is being built on 20 thousand square meters of land. The project consists of 340 houses in 5 blocks. In the Forest City 2 project, the residences are designed as 2 + 1, 3 + 1 and 4 + 1. In the project, 2 + 1 flats are 110 square meters net, 3 + 1 flats are 135 square meters and 4 + 1 flats are 157 square meters.

The Forest City 2 project draws attention with its location that has a view of the forest. The project is very rich with its social facilities. Forest City 2 has a nursery, cafe, restaurant, semi-olympic swimming pool and walking track. In the project, life will start in 2 blocks in May 2019 and the whole project will be delivered in 2020. Upon completion of the project, it is expected to provide its buyer with a 30 percent premium.