Sehristan Konutlari in Erzurum

Name: Sehristan Konutlari
Brand: Erkonut-Halk GYO
SKU: 6046
Availability: InStock

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Project info

Object ID: 6046

Finished at	June 2018
Price, m²	From 330$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 109.00 m²
Floors	12
Apartments	620
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Fitness 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

35,970$

Net profit

9,376$

Payback period

3.1 years

Avg property value increase per year

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About the project

The land located in the district of Yakutiye in Erzurum and owned by Er Konut İnşaat was included in the portfolio in April to develop a housing project. In the project, which will be realized through Er Konut İnşaat, through the partnership of Halk REIT - Er Konut Ordinary Partnership with 50% - 50% share, commercial unit in "Şehristan Houses", consisting of 13 blocks of 3 floors and 1320 flats on a plot of 23.734 m2. areas will also be included.