Azaleas del Rincon in Malaga

Name: Sales in Azaleas del Rincon started!
Start: 2021-02-11T07:23:25.817892+00:00
End: 2023-12-31T23:59:59+0000
Location: Azaleas del Rincon

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Project info

Object ID: 10964

Finished at	June 2021
Price, m²	From 2630$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 107.00 m²
Floors	3
Apartments	44
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

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

281,410$

Net profit

9,376$

Payback period

23.9 years

Avg property value increase per year

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About the project

Azaleas del Rincón is a project consisting of 44 homes of 2, 3 and 4 bedrooms with large terraces, many of them with views of the Mediterranean Sea; garage and storage room. A building of three heights with low, dwellings in mezzanine and penthouses. The project has large common areas: saline pool with night lighting, park and children's pool, gardens and gastrotheque; designed for you to take advantage of as a family.

Each home has been designed to offer maximum quality and comfort, separating the areas day and night. In addition, we thought that you would like to have the woodwork lacquered in white, kitchen equipped with ceramic hob, oven and extractor fan; wardrobes in bedrooms and pre-installation of air conditioning.

The location of Azaleas del Rincón is one of its biggest attractions because it is next to the beach, 500 meters from the Virgen del Carmen Promenade, and 20 minutes from downtown Malaga. A perfect place to live, with everything you need for everyday life: health centers, pharmacies, educational centers, sports venues, supermarkets and leisure and restaurant areas. Its communication is perfect both on roads (N - 340 A and A-7) and public transport (bus stop line M260)

Developer

A sound and reliable promoter At Aelca, we feel enthusiastic about the new stage we are about to begin, helping you find your dream home. …
Details about Aelca