HOFT in Riga

Name: HOFT
Brand: R.EVOLUTION CITY
SKU: 18096
Availability: InStock

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Project info

Object ID: 18096

Finished at	May 2021
Price, m²	From 4600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 82.00 m²
Floors	7
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area Kids playground 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

377,200$

Net profit

9,376$

Payback period

32.1 years

Avg property value increase per year

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About the project

It is the trinity of a green view of the world and respect for the history of the city and modern architecture. The careful restoration of the historic fasade, installation of trees as part of the building's architecture, and structural glazing as a mirror reflecting the surrounding historical building and serving as a stage for the installation of trees. Just like a space that says: "I'm not in charge here, I'm just giving you the opportunity to admire the world outside and inside of me."

Developer

"R.EVOLUTION CITY" is an investment partner and a developer of the real estate projects with a wide range of resources and the experience ne…
Details about R.EVOLUTION CITY