Kavtaradze 58a 60 in Tbilisi

Name: Kavtaradze 58a 60
Brand: New Group
SKU: 12353
Availability: InStock

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Project info

Object ID: 12353

Finished at	April 2023
Price, m²	From 850$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 34.19 m²
Floors	11
Apartments	90
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations State University 7 min Vazha-Pshavela 8 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

28,900$

Net profit

5,883$

Payback period

3.6 years

Avg property value increase per year

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About the project

Developer

The construction company New Group in Saburtalo, Kavtaradze str# 58, is building a 17-storey residential building, with inner parking and co…
Details about New Group