FOLKART INCITY in Izmit

Name: Sales in FOLKART INCITY started!
Start: 2020-02-04T12:15:40.781874+00:00
End: 2023-12-31T23:59:59+0000
Location: FOLKART INCITY

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Project info

Object ID: 4759

Finished at	December 2019
Price, m²	From 1430$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 30.00 m²
Floors	28
Apartments	700
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

42,900$

Net profit

5,906$

Payback period

5.3 years

Avg property value increase per year

Open ROI calculator

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About the project

FOLKART INCITY blends elegant architecture with comfortable living spaces, combining shopping, sports, nature, and entertainment with the city’s dynamism. Located in the coveted and developing area of Bornova Yeni Kent, FOLKART INCITY has everything you need to make life easier.

FOLKART INCITY is just a few minutes away from everything that makes Izmir what it is. Located in the Bornova Yeni Kent area between Ankara Street and the Metro line, FOLKART INCITY brings the whole city to your doorstep: the Metro stop, highway connections, shopping malls, hospitals, and educational institutions.

Located in FOLKART INCITY to meet different needs, the studio combines functionality and comfort in 1 + 1, 2 + 1, 3 + 1 and 4 + 1 apartment types. You will feel the modern line of FOLKART INCITY, where every detail has been meticulously pored over.

At FOLKART INCITY, you will be in the midst of entertainment with exclusive areas that appeal to all people and tastes: a library, karaoke hall, cinema, chess and game rooms, and more. You will stay in shape at the impressive sports centers and enjoy your share of greenery in the grove areas.

Sport becomes part of your lifestyle at FOLKART INCITY. FOLKART INCITY brings healthy days to your life with outdoor and indoor swimming pools, a sauna, vitamin bars, game parks, tennis and basketball courts, and a soccer field.

An elegant and tasteful road will connect FOLKART INCITY to Folkart Time, where everything you need is in one place. FOLKART INCITY will become the new central attraction of Izmir with its seating places, special landscaping and illumination. At FOLKART INCITY, you will enjoy living in the center of Izmir and being close to exclusive brands, special entertainment areas for children and adults, big home improvement chains and supermarkets, places to eat, Mektebim College, and other prestigious educational institutions.

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