Folkart LINE in Izmir

Name: Sales in Folkart LINE started!
Start: 2020-02-04T12:00:24.181635+00:00
End: 2023-12-31T23:59:59+0000
Location: Folkart LINE

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Project info

Object ID: 4757

Finished at	August 2020
Price, m²	From 750$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 98.00 m²
Floors	8
Apartments	422
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

73,500$

Net profit

9,376$

Payback period

6.3 years

Avg property value increase per year

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About the project

Folkart Line project comprised of 422 housing apartments and 40 commercial spaces, offers a new and comfortable life with its modern and elegant architecture, vast green spaces, upgraded infrastructure and social facilities.

Folkart Line project located in close proximity to the most important parts of Izmir, creates value with its central location, Close to Adnan Menderes Airport, Izmir Highway, Fair İzmir and shopping centers.

Various spaces have been constructed on folkart line project basketball and tennis courts, soccer ﬁelds, large sports complex, youth center, market area, parking lot and wide landscaped areas, Folkart Line combines quality with rich social spaces in a region that is set to become one of the prominent city centers of Izmir.

Developer

Established in 2006 by Saya Group, Folkart Yapı is committed to satisfying its customers by providing comfort and luxury in the form of excl…
Details about Folkart Yapı