Sol 1 in Raanana

Name: Sales in Sol 1 started!
Start: 2020-05-11T12:26:17.245271+00:00
End: 2023-12-31T23:59:59+0000
Location: Sol 1

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Project info

Object ID: 7247

Finished at	December 2020
Price, m²	From 6550$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 92.00 m²
Floors	6
Apartments	22
Condition	Turnkey
Construction type	Monolyth
Security	Intercom
Conveniences	Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

602,600$

Net profit

9,376$

Payback period

51.3 years

Avg property value increase per year

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About the project

A unique boutique project currently being built in the new neighborhood of northern Raanana - the Neve Zemer neighborhood.

The project is located on the corner of Ehud Manor and Moshe Vilenski Streets.

Neve Zemer is the new flagship neighborhood of Ra'anana and will include about 3,500 housing units, parks, gardens, schools, public areas and a commercial center.

One-third of the apartments built in the neighborhood are suitable for young couples and will be about 92 square meters, the rest of the apartments will be built in a diverse mix.

The project has 5 room garden apartments, 4-5 room apartments and penthouses - duplex

Developer

Ewave Nadlan specializes in initiating and managing real estate projects. At its center of action are two main values - High potential f…
Details about Ewave Nadlan