David Yellin 7 in Tel Aviv-Yafo

Name: David Yellin 7
Brand: Dare Construction
SKU: 7475
Availability: InStock

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Project info

Object ID: 7475

Finished at	November 2020
Price, m²	From 13730$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 110.00 m²
Floors	8
Apartments	17
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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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

1,510,300$

Net profit

9,376$

Payback period

128.5 years

Avg property value increase per year

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About the project

The project is located in borough 4 according to the borough plan. The original building stood on 4 floors and 9 housing units. As part of the TAMA 38/2 demolition and construction process, the existing building will be demolished, and tenants will be evacuated to a replacement housing solution at the expense of the company for the period of construction. Sustainability will be expanded, each apartment will receive a sun terrace dimension, rich and innovative premium apartment specifications, underground parking and storage, along with the development of the building environment for the benefit of the residents.

Developer

Dare Construction Established in 1971 as a construction and development company, specializing in residential construction and implementing p…
Details about Dare Construction