Modda Port in Izmir

Name: Sales in Modda Port started!
Start: 2020-02-26T08:02:05.832288+00:00
End: 2023-12-31T23:59:59+0000
Location: Modda Port

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Project info

Object ID: 5319

Finished at	August 2020
Price, m²	200000$ — 310000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 135.00 m²
Floors	25
Apartments	80
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Spa Fitness Pool Kids playground
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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

27,000,000$

Net profit

9,376$

Payback period

2296.9 years

Avg property value increase per year

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About the project

Ontan Gayrimenkul continues to perform with new projects. Choosing the Konak Çınarlı region for its new project, the company builds the project under the name of the concept brand named Modda. The project, named Port in the mod, will have 2 blocks of 25 floors. These 2 blocks, which will be located in separate plots, will contain office, home office and residence type units. In the project where there will be office units from the ground floors to the 9th floor, home office from the 9th floor to the 16th floor, and residence units from the 16th floor to the 25th floor, the number of residences is not yet clear.

In the Modda Port project, where office options starting from 30 square meters will be presented, home officers are designed with sizes starting from 38 square meters and residence units starting from 70 square meters. While all units with home office concept are planned as 1 + 1 type, units with residence concept will have a choice of 1 + 1 to 3 + 1 dwellings. The Modda Port project, which will be located within walking distance of the metro station, seems to enchant residents with its sea and city views. Deliveries are planned for August 2020 in the Modda Port project, where construction works will start soon.

Developer

It is our mission to develop and implement projects that are beneficial for the society, or to be involved, on the path of the vision of bec…
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