Diamond Star Villas Batumi in Batumi

Name: Sales in Diamond Star Villas Batumi started!
Start: 2022-05-04T07:54:13.397948+00:00
End: 2023-12-31T23:59:59+0000
Location: Diamond Star Villas Batumi

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Project info

Object ID: 20226

Finished at	September 2022
Price, m²	From 793$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 290.00 m²
Floors	2
Apartments	3
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool 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

229,970$

Net profit

9,376$

Payback period

19.6 years

Avg property value increase per year

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About the project

Our project of 5 villas is located in the foothills of the Caucasus and we have thoroughly approached the issue of seismic safety. The houses were designed by our company taking into account many years of experience in building houses in the harsh Ural climate of Russia and building houses on Nova Riga in Moscow region (segment «business» and «elites»).

Georgia is in a stable seismic zone. And yet we took care of our houses by laying the foundations on two meters of concrete piles, on top of which are also concrete monolithic slabs. Thanks to this, the house is not afraid of any fluctuations, the reserve of seismic resistance up to 9 points.