Nevesta City in Izmir

Name: Nevesta City
Brand: Ercan Şahin İnşaat
SKU: 5247
Availability: InStock

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Project info

Object ID: 5247

Finished at	August 2019
Price, m²	From 540$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 61.00 m²
Floors	10
Apartments	60
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Underground parking Kids playground Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

32,940$

Net profit

7,813$

Payback period

3.3 years

Avg property value increase per year

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About the project

The Nevesta City project, built by Ercan Şahin İnşaat, has 60 apartments in a single block of 10 floors. The project includes 1 + 1, 2 + 1, 3 + 1 and duplex apartments. In the Nevesta City project, 1 + 1 apartments are 61.64 square meters, 2 + 1 apartments are 81.47 square meters, 82.45 square meters, 92.20 square meters, 3 + 1 apartments are 110 to 119.65 square meters.

Developer

Our firm, which has been operating in the furniture and construction sector until 1991, has entered a corporate restructuring process in 199…
Details about Ercan Şahin İnşaat