I6 RESIDENCE in Budapest

Name: Sales in I6 RESIDENCE started!
Start: 2022-06-14T12:27:37.982635+00:00
End: 2023-12-31T23:59:59+0000
Location: I6 RESIDENCE

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Project info

Object ID: 20508

Finished at	September 2024
Price, m²	From 4200$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 26.00 m²
Floors	9
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Underground 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

8,103$

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

109,200$

Net profit

5,906$

Payback period

13.5 years

Avg property value increase per year

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About the project

On the street-facing side on the 2nd floor, and on the courtyard side on the 4th floor, the reinforced concrete structures for the residential floors are being prepared and cooling and heating panels are being installed in the ceiling.

Our project at Illés Street is under construction in one of Pest’s most dynamically developing districts, 15 minutes’ walk from the completely revitalised Corvin Promenade, which offers a wide range of shopping, entertainment and leisure opportunities. Newly built, uncluttered and fully equipped modern homes with superb local infrastructure!

This new urban quarter is an excellent living opportunity not only for first home buyers and young families, but also for people working in the nearby offices and students studying at the local universities. With so many universities nearby, it is also easy to find tenants for the apartments, making it the perfect choice if you are looking to buy a property as an investment.

Developer

Cordia is a subsidiary of the highly capitalised, Hungary based Futureal Group, one of Central Europe’s 10 largest property development and …
Details about Cordia