Complex Magic Residence Militari in Bucharest

Name: Sales in Complex Magic Residence Militari started!
Start: 2019-12-27T07:33:56.351458+00:00
End: 2023-12-31T23:59:59+0000
Location: Complex Magic Residence Militari

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Project info

Object ID: 3134

Finished at	December 2019
Price, m²	From 1110$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 41.00 m²
Floors	5
Apartments	33
Building phase	Facade finished
Condition	Black walls
Construction type	Brick
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Preciziei 9 min Păcii 19 min
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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

45,510$

Net profit

6,783$

Payback period

5.0 years

Avg property value increase per year

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About the project

The Magic Osiei project is located on Drumul Osiei street, 68-70, in the city of Bucharest.

The center of the capital is only 6 km away. The developer of the Magic Osiei real estate project is the MID Residence construction company.

The complex consists of 42 apartments with 10 studios (with an area of 33.50 sqm), 10 studios (with an area of 39.50 sqm), 10 two-bedroom apartments (with an area of 52.55 sqm), 12 apartments with one room (with an area of 70.25 sqm).

Methods of payment: "First home" program.

More details about the apartments and after the purchase in this Housing complex read on the official website of the company.