Cedofeita 630 in Porto

Name: Sales in Cedofeita 630 started!
Start: 2021-05-17T08:19:25.341831+00:00
End: 2023-12-31T23:59:59+0000
Location: Cedofeita 630

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Project info

Object ID: 12216

Finished at	May 2021
Price, m²	From 4372$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 68.00 m²
Floors	2
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near supermarket
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

297,296$

Net profit

7,813$

Payback period

29.4 years

Avg property value increase per year

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About the project

Located in Baixa do Porto, just a few minutes walk from the most famous places, the Cedofeita 630 Project aimed to rehabilitate a 19th century building.

The idealized layout gave rise to a set of 5 distinct apartments, optimizing the spaces and their functional efficiency. My vision as an architect was to combine Porto's unique architectural design with modern / functional interiors, and attention to detail. This materializes in the integral rehabilitation of the building, built from scratch, and in the maintenance of the main façade with high quality standards.