Andromeda reborn in Tel Aviv-Yafo

Name: 📣 300$ — discount certificate
Start: 2020-04-21T12:45:41.364138+00:00
End: 2023-12-31T23:59:59+0000
Location: Andromeda reborn

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Project info

Object ID: 6723

Finished at	September 2019
Price, m²	From 10400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	8
Apartments	55
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking 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

312,000$

Net profit

5,906$

Payback period

38.5 years

Avg property value increase per year

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Promos and discounts for Andromeda reborn

About the project

On the coast of Jaffa, watching one of the world's oldest sea ports, the new chapter of Andromeda Hill story, which begins in Greek mythology, is currently being written. According to legend, here, on the rock opposite the city's canopy, the beautiful Princess Andromeda, daughter of the King of Jaffa, was sacked until Perseus, the son of Zeus - King of the Olympus, released her, fell in love with her, and married her.

The Andromeda Reborn project reflects the myth of the beauty of the princess who gave it his name. The new phase in the prestigious residential complex was built in the most beautiful place in ancient Jaffa - on a 26-foot-high kurkar cliff above the Andromeda rock and Jaffa's ancient fishing port. Alongside the picturesque Ajami neighborhood, a 19th-century Jewish synagogue, the spiers of mosques and the bell towers of churches. A place where fairy tales are born.

Developer

Zemach Hamerman - is a group of companies engaged in construction and real estate while maintaining a balance between entrepreneurial activi…
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