Norra Ormesta in Orebro

Name: 📣 300$ — discount certificate
Start: 2021-12-08T09:03:01.621416+00:00
End: 2023-12-31T23:59:59+0000
Location: Norra Ormesta

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Construction

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Project info

Object ID: 16202

Finished at	December 2021
Price, m²	From 5500$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	2
Apartments	95
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

165,000$

Net profit

5,906$

Payback period

20.4 years

Avg property value increase per year

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About the project

95 terraced houses, condominiums, with the nature reserve Oset and Lake Hjälmaren as the nearest neighbors. Externally, the houses are painted in earthy colors and have gabled roofs with red roof tiles. All terraced houses have two patios, one at the front with tiling and one at the back with wooden trolley and lawn. The backs are facing west or south with afternoon and evening sun.

On the entrance side there is a 4 sqm large storage and parking space. In the middle of the terraced house area, a large park of about 2,000 square meters is being built with various play areas, green areas and a football pitch with artificial grass.