The Referans Kartal Loca in Istanbul

Name: The Referans Kartal Loca
Brand: Kiler GYO
SKU: 23936
Availability: InStock

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Project info

Object ID: 23936

Finished at	September 2023
Price, m²	From 2600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 95.00 m²
Floors	25
Apartments	368
Condition	Turnkey
Construction type	Monolyth
Security	Security
Conveniences	Parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Atalar 2 min Hastane/Adliye 18 min Esenkent 20 min Cevizli 20 min
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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

247,000$

Net profit

9,376$

Payback period

21.0 years

Avg property value increase per year

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About the project

The Referans Kartal Loca has been established in Kartal, Istanbul, as one of the brand new housing projects in the modern real estate market in Turkey. The project is designed to create a life-long investment opportunity for everyone seeking to live in one of Istanbul’s most sought-after districts on the Asian side, where they will experience life to the fullest. The views of the projects, overlooking the famous ‘Princess’ Island’ and the Marmara Sea, will carry you to the luxury and relaxation vibes you always dreamed of. Modern architecture, Lush green landscapes, elite recreational facilities, high-quality standards, and being nearby the hottest transportation hubs in the city, are just an example of the privileges that Referans Kartal Loca is offering you and your families.

The project comprises versatile residential and commercial units with modern designs, developed to ensure the creation of comfortable, practical, and healthy living spaces, that respond to all needs, and receive adequate daily sun exposure. The available units range from (1+1 to 5+1) flats, that come with duplex, terrace, and garden options. The properties also have stylish bathrooms and kitchen areas, private balconies where you can enjoy the captivating Sea views, Island views, and sunshine.

The Referans Kartal Loca is built by Kiler GYO Construction Company, one of the most reputed names in the current property market. The execution procedures of the project started in 2021. Kiler GYO also completed other projects in Turkey like Istanbul Sapphire AVM and Referans Bakirkoy in Istanbul.