Metropolitan Grey Effect in Izmit

Name: Metropolitan Grey Effect
Brand: Nuhoğlu İnşaat
SKU: 5457
Availability: InStock

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Project info

Object ID: 5457

Finished at	March 2018
Price, m²	From 600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 140.00 m²
Floors	4
Apartments	54
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking 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

84,000$

Net profit

9,376$

Payback period

7.1 years

Avg property value increase per year

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About the project

The name of the project, which was built in Kocaeli Gölcük with the joint venture of Nuhoğlu İnşaat and DYG Yapı İnşaat, was Metropolitan Gray Effect. The Metropolitan Gray Effect project was launched in the Değirmendere area. The project consists of 9 blocks in 3 separate parcels. All of the apartments in the Metropolitan Gray Effect project are designed in 3 + 1 garden and roof duplex concept. The sizes of the duplexes in the project were designed as 140 square meters and 190 square meters. There are 54 residences in total in the Metropolitan Gray Effect project.