Karizma Gold Residence in Erzurum

Name: Karizma Gold Residence
Brand: Erkarizma İnşaat
SKU: 6053
Availability: InStock

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Project info

Object ID: 6053

Finished at	December 2019
Price, m²	From 340$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	6
Apartments	464
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa 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

34,000$

Net profit

9,376$

Payback period

2.9 years

Avg property value increase per year

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About the project

Karizma Gold Residence project is being realized in Erzurum by Erkarizma İnşaat. The project, which will be built on 30 thousand square meters of land, includes a mini shopping center with 12 blocks. Within the Karizma Gold Residence project, there are 464 independent units. In the project, residences are designed as 2 + 1, 3 + 1 and 4 + 1 luxury apartments. 2 + 1 flats in Karizma Gold Residence project are designed as 100 square meters, 3 + 1 flats are 170 square meters and 4 + 1 flats are designed as 203 square meters.