Ergin Evler in Bursa

Name: Ergin Evler
Brand: Ergin Evler
SKU: 5904
Availability: InStock

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Project info

Object ID: 5904

Finished at	March 2019
Price, m²	From 520$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 210.00 m²
Floors	2
Apartments	122
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Pool Kids playground Near supermarket
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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

109,200$

Net profit

9,376$

Payback period

9.3 years

Avg property value increase per year

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About the project

The life of the apartments, five villas and twin villas in the first phase of the Ergin Evler project, which is planned to consist of 5 stages, has been continuing since 2001. In the project launched as the first luxury residential project in Balat location, houses are preferred for residence purposes. Large apartments and villas are ideal for large families. In the Ergin Ever project, the houses are grouped together to form neighborhood units. In the neighborhood units, the garden areas required for each house combine to form a large and magnificent common garden around the houses. Life in the second phase of the project will begin in March 2019.