Mynar Life Residence in Izmir

Name: Sales in Mynar Life Residence started!
Start: 2020-02-27T13:01:10.987924+00:00
End: 2023-12-31T23:59:59+0000
Location: Mynar Life Residence

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Project info

Object ID: 5390

Finished at	August 2020
Price, m²	From 1125$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 101.00 m²
Floors	16
Apartments	74
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground
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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

113,625$

Net profit

9,376$

Payback period

9.7 years

Avg property value increase per year

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About the project

Mynar Life Residence project, which will be brought to life by Fiyap İnşaat in İzmir Karabağlar, is being built on a land area of 4,700 square meters. The Mynar Life Residence project was designed to have 5 apartments on each floor within its 17-storey block. Mynar Life Residence project, which will consist of 74 houses in total, consists of 3 + 1 and 4 + 1 house types. The 3 + 1 apartments in the Mynar Life Residence project are designed to vary between 101.5 square meters and 118 square meters. 4 + 1 flats will be offered to the use of its buyers in 154 square meters. The project includes 1 commercial area.

Mynar Life Residence project, which is located adjacent to Granada Houses, Ülkü Secondary School, Alifuat Cebesoy Neighborhood Headquarters, is being built within a 1-minute walk from Erdal Yakvar Street and Eski İzmir Street. Mynar Life Residence project, which is rich in social facilities, will have steam room, sauna, Turkish bath, jacuzzi, outdoor chlorine-free swimming pool and cafeterias. In the project, there will be enough car spaces for each flat with open parking service.