Terracos da Cidade in Portimao

Name: Sales in Terracos da Cidade started!
Start: 2022-01-30T21:49:18.102244+00:00
End: 2023-12-31T23:59:59+0000
Location: Terracos da Cidade

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Construction

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Project info

Object ID: 17644

Finished at	January 2022
Price, m²	From 2910$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 90.00 m²
Floors	11
Apartments	45
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

261,900$

Net profit

9,376$

Payback period

22.3 years

Avg property value increase per year

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About the project

Fabulous building spanning 11 floors with a total of 45 apartments of type; T1, T+1, T2, T3 & T4. Building also has outdoor swimming pool & parking space or garage with many apartments. With fixtures & fittings of the hightest standard including laminate flooring in the bedrooms, ceramic tiles in the living area, modern & stylish bathrooms & state-of-the-art kitchens with top of the range, integrated appliances including induction hob, oven, stainless steel extractor hood, microwave, fridge freezer, dishwasher & washing machine. Each apartment is air-conditioned & has thermo-lacquered & thermal electric blinds with double glazed windows. Balconies have glass fronts to maximize the views.