Narin Park in Cerkezkoy

Name: Narin Park
Brand: Martı GYO
SKU: 5596
Availability: InStock

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Project info

Object ID: 5596

Finished at	June 2020
Price, m²	From 250$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	10
Apartments	548
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool Near school
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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

30,000$

Net profit

9,376$

Payback period

2.6 years

Avg property value increase per year

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About the project

Narin Park project, rising in Çerkezköy, which has become a center of attraction with the industrial facilities going out of Istanbul, will consist of 7 thousand residences. Sales continue in the first phase of the project with 548 residences. 1 + 1 and 2 + 1 apartments have been exhausted in the project. In Çerkezköy, Bahçeşehir Okulları A.Ş. A private college will be established in Narin Park.