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Solum Development

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Mirakishvili 29 in Tbilisi

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Construction

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Project info

Object ID: 12411

Finished at	June 2021
Price, m²	From 568$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 34.18 m²
Floors	9
Apartments	64
Condition	Without finishing
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

8,078$

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

19,312$

Net profit

5,883$

Payback period

2.4 years

Avg property value increase per year

6%

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About the project

Developer

Details about Solum Development

Hotline

+995 (558) 7000 88

Toll-free number (USA):
+1 855 588 8066

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Mirakishvili 29 on the map of Tbilisi

29 Zura Mirakishvili St., Gldani

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