Elite Residence in Portimao

Name: Sales in Elite Residence started!
Start: 2022-01-31T18:18:58.694724+00:00
End: 2023-12-31T23:59:59+0000
Location: Elite Residence

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Project info

Object ID: 17664

Finished at	January 2022
Price, m²	From 5240$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	16
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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

393,000$

Net profit

8,283$

Payback period

37.1 years

Avg property value increase per year

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About the project

Contemporary high-rise T1 & T2 apartments with sea views. All apartments have floor to ceiling double glazed doors leading to large balconies with excellent sun exposure, high security fire resistant doors, access gates and private parking with individual control and the option to purchase further parking, solar energy hot water heaters, electric blinds, high speed fiber optic internet, thermal & acoustic insulation, luxury finishings and pre-installation for air-conditioning & under-floor heating in kitchen & bathrooms, communal swimming pool and gardens just 150m from the stunning beach at Praia da Rocha. Also close to local ameneties.