Mehtap Residence in Istanbul

Name: Sales in Mehtap Residence started!
Start: 2020-03-16T13:20:16.345505+00:00
End: 2023-12-31T23:59:59+0000
Location: Mehtap Residence

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Project info

Object ID: 5866

Finished at	June 2019
Price, m²	From 974$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	14
Apartments	47
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Nearby subway stations Erenköy 6 min Göztepe 17 min Suadiye 21 min
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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

116,880$

Net profit

9,376$

Payback period

9.9 years

Avg property value increase per year

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About the project

The MEHTAP RESIDENCE project started by Yeditepe İnşaat on Bağdat Street is waiting for you with 47 2 + 1 and 4 + 1 flats in Hotel Concept. The project, where quality, comfort and quality are presented at the same time and each square meter is considered thin, offers "A Life in the Center of the City, Away from the City".

Structural Features

- Built on 1700 M2 Area

- Raft General Foundation System

- Project suitable for earthquake regulation

- Heat-insulated on the exterior

- Elevators with residential access from the covered parking lot

- Soundproof fully automatic generator

Social Accessories

- Lobby Entry in Hotel Concept

- Camellia and Playground

- Swimming pool

- Fitness