Cengelkoy Life in Istanbul

Name: Sales in Cengelkoy Life started!
Start: 2020-04-03T13:10:02.468170+00:00
End: 2023-12-31T23:59:59+0000
Location: Cengelkoy Life

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Project info

Object ID: 6437

Finished at	March 2018
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 85.00 m²
Floors	4
Apartments	120
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Pool Near school Near kindergarten Near supermarket Nearby subway stations Ümraniye 16 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

102,000$

Net profit

9,376$

Payback period

8.7 years

Avg property value increase per year

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About the project

The Çengelköy Life project, which is signed by the Young Building Group, consists of 120 apartments in 8 blocks. 10 independent houses consisting of 3 + 1 and duplex 4 + 1 apartment options in A type blocks, 8 independent houses consisting of 3 + 1, 4 + 1 and duplex 6 + 1 apartment options in B type blocks, 1 + 1 in T type blocks There are 32 independent houses consisting of 2 + 1, 3 + 1 flats and duplex 2 + 1, 3 + 1, 4 + 1 and 5 + 1 flats.

Built on Bosna Boulevard, one of the most valuable points of Çengelköy, Çengelköy Life project draws attention with its low-rise architecture. There are 16 different types of flats in the project, from 1 + 1 to 6 + 1 different housing types. Duplex apartments are located on the upper floor of each block. There are duplex types of 4 + 1, 5 + 1 and 6 + 1 apartments. Commercial units are located on the lower floor of the blocks with street fronts. It is negotiated with banks related to large square meter commercial areas.