ME in Raanana

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Project info

Object ID: 6973

Finished at	July 2019
Price, m²	From 6570$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	10
Apartments	154
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

197,100$

Net profit

5,906$

Payback period

24.3 years

Avg property value increase per year

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About the project

Benefits of the project

Unique architectural design

Great location and meticulous detail

A variety of 3 room apartments for young families, 4 large, 5 room apartments, spacious garden apartments and penthouses

The buildings are smartly designed with spaces between one another, so as to create maximum privacy for each apartment

Every apartment has a great emphasis on modern and unique architecture

Developer

Li-Ren Initiative and Investment in Construction Ltd. is a family-owned company founded in 1990 by Ronnie Brick CEO of the company also serv…
Details about Li-Ran