Flower House in Modiin-Maccabim-Reut

Name: Flower House
Brand: Gabay Group
SKU: 7319
Availability: InStock

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Project info

Object ID: 7319

Finished at	September 2020
Price, m²	From 4870$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	17
Apartments	76
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Commercial area 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

146,100$

Net profit

5,906$

Payback period

18.0 years

Avg property value increase per year

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About the project

The prestigious residential complex in Modi'in includes 3 terraced buildings of 76 large apartments built around a unique and individually designed inner garden. For spectacular views of the Jerusalem mountains and the lowlands, from the first floor! The project was built on a hilltop in the heart of Modi'in, within walking distance of the mall, the train and the new and central avenue of Modi'in. The project has spacious 5 room apartments, mini penthouses and luxurious penthouses.

Developer

The Gabay Group has been one of the oldest and leading construction companies in the real estate industry in Israel for over 30 years. The g…
Details about Gabay Group