Folkart Life Bornova in Izmir

Name: Folkart Life Bornova
Brand: Folkart Yapı
SKU: 6363
Availability: InStock

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Project info

Object ID: 6363

Finished at	June 2017
Price, m²	From 1300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.00 m²
Floors	15
Apartments	830
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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

72,800$

Net profit

7,229$

Payback period

7.7 years

Avg property value increase per year

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About the project

The Folkart Life Bornova project, implemented by Folkart Yapı, consists of 830 apartments in 8 blocks. In the project, blocks are built between 6 and 15 floors. 1 + 0's 47 to 69 square meters, 1 + 1's 56 to 97 square meters, 2 + 1's 93 to 145 square meters, 3 + 1's 159 to 225 square meters, 4 + 1's in Folkart Life Bornova while it is 211 to 253 square meters in size.

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