Hatsor 16 in Ramat Gan

Name: 📣 300$ — discount certificate
Start: 2020-05-08T08:19:33.321483+00:00
End: 2023-12-31T23:59:59+0000
Location: Hatsor 16

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Construction

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Project info

Object ID: 7187

Finished at	May 2020
Price, m²	From 5640$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	10
Apartments	28
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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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

169,200$

Net profit

5,906$

Payback period

20.9 years

Avg property value increase per year

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About the project

In the center of a brick neighborhood, located in the heart of Ramat Gan, a new 9-story building with 28 4-bedroom, 4.5-room apartments, garden apartments and penthouses will be built, with underground parking for each apartment.

The "Hatzor 16" project is within walking distance of the Ramat Gan Theater and the city of Givatayim, with access to local shops, pubs and entertainment venues. The neighborhood's geographic location allows easy access to major traffic routes and easy and convenient public transportation on Ben Gurion and Jerusalem streets. The neighborhood is close to the best educational institutions in Ramat Gan, so it is one of the most viable neighborhoods for investment and housing.

Developer

Experience, power, reliability "Africa Urban Renewal," is a wholly owned subsidiary of the Africa Israel Residential Group, the leading rea…
Details about Africa Urban Renewal