Renaissance in Riga

Name: Renaissance
Brand: LNK Properties
SKU: 18060
Availability: InStock

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Project info

Object ID: 18060

Finished at	October 2022
Price, m²	From 3500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 45.00 m²
Floors	6
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

157,500$

Net profit

6,783$

Payback period

17.4 years

Avg property value increase per year

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About the project

In the recent architecture of Riga, where the abundance of details and materials predominates, Vesetas Street 6 is designed as a modern Renaissance object - ascetic in its expression, harmonious in Renaissance-inspired proportions and different in terms of the concept of living space offered.