Mynar Residence in Izmir

Name: Mynar Residence
Brand: Fiyap İnşaat
SKU: 5391
Availability: InStock

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Project info

Object ID: 5391

Finished at	February 2020
Price, m²	From 760$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	7
Apartments	28
Building phase	Completed
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

114,000$

Net profit

9,376$

Payback period

9.7 years

Avg property value increase per year

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About the project

Built by PNart Architecture and Fiyap Construction, Mynar Residence consists of adjacent A and B blocks parallel to the sea front. The project, which consists of 28 apartments in 2 blocks of 9 floors, has 2 + 1 and 4 + 1 apartments. The sale of 2 + 1 apartments in the project has been completed. In the project, furniture, lighting and interior details are prepared with two different groups of architects.