Las Terrazas de Torrejon in Madrid

Name: Sales in Las Terrazas de Torrejon started!
Start: 2021-02-15T07:49:29.024323+00:00
End: 2023-12-31T23:59:59+0000
Location: Las Terrazas de Torrejon

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Project info

Object ID: 11021

Finished at	December 2023
Price, m²	From 3520$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	4
Apartments	86
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool 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

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

133,760$

Net profit

5,883$

Payback period

16.6 years

Avg property value increase per year

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About the project

Las Terrazas de Torrejón is an exclusive development of 86 homes located in an unbeatable area of Torrejón de Ardoz with very good connection to public transport and just 200 meters from the Renfe station.

It is composed of studios, 2 and 3 bedroom apartments with large terraces, interior and exterior finishes of excellent qualities and a closed urbanization with garden areas and community pool. All homes have a garage and storage room.