Recreation 10 in Ramat Gan

Name: Sales in Recreation 10 started!
Start: 2020-04-22T08:50:39.687959+00:00
End: 2023-12-31T23:59:59+0000
Location: Recreation 10

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Project info

Object ID: 6740

Finished at	June 2021
Price, m²	From 6340$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 117.00 m²
Floors	7
Apartments	28
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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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

741,780$

Net profit

9,376$

Payback period

63.1 years

Avg property value increase per year

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About the project

Benefits of the project

Central neighborhood undergoing urban renewal

A variety of large apartments are perfect for the family

Family neighborhood, quality and pleasant

Each apartment has 3 air directions

Only 14 tenants in the building

Normal underground parking !! (Not in multiplier / not in facility)

High standard includes air conditioning

The entertainment neighborhood, also known as the "Magic Neighborhood", is located in the south of the city and extends from Jordan Street in the east to Uziel Street in the west, and from Pinchas Rotenberg in the north to a field champion in the south. The neighborhood is named after the 'magic' cinema that once housed it. The Real Estate Foundation erects 2 boutique buildings on 10-12 Beilot Street and is part of the renewal of the Ramat Gan neighborhood.

The Real Estate Fund continues the momentum of construction in the recreation neighborhood of 2 boutique buildings with a variety of apartments. Construction is meticulous and spacious according to the nature of the neighborhood. The building standard is high and the technical standard is extremely rich in accordance with the real estate fund tradition. The project is accompanied by Bank Hapoalim, which issues a bank guarantee for each payment.

Developer

The Real Estate Fund is a young and leading company operating in the construction and construction of residential in Israel. Trade, offices …
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