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Dreams of Kiryat Ono in Kiryat Ono

Name: 📣 300$ — discount certificate
Start: 2020-05-21T07:38:03.178689+00:00
End: 2023-12-31T23:59:59+0000
Location: Dreams of Kiryat Ono

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Project info

Object ID: 7521

Finished at	September 2019
Price, m²	From 7200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	15
Apartments	286
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

216,000$

Net profit

5,906$

Payback period

26.7 years

Avg property value increase per year

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About the project

The Dreams of Kiryat Ono in the Riesfeld neighborhood of Kiryat Ono, is a unique construction-evacuation project, in which a total of 180 units are built, of which 60 are owner-occupied apartments, in four prestigious 13-15-storey buildings, overlooking the spacious Reissfeld Park .

All tenants with 2-3 room apartments receive in exchange for their existing apartment in old and dilapidated railway buildings, spacious 4-5 large apartments in the area of 100-120 sq.m., of the highest quality standard and advanced architectural design, in new and prestigious buildings.

In this case, we were able to first build the new buildings and only then demolish the buildings that were demolished, so that the apartment owners could stay in their homes until the new buildings were finished and only after their construction was completed, they would move into their new permanent home. The two buildings that were erected in Stage 1 are now occupied, two additional buildings are being built in stages C and D