Orka Life in Izmit

Name: Sales in Orka Life started!
Start: 2020-03-27T08:27:24.612224+00:00
End: 2023-12-31T23:59:59+0000
Location: Orka Life

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Project info

Object ID: 6194

Finished at	May 2019
Price, m²	From 345$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 142.00 m²
Floors	4
Apartments	138
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking 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

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

48,990$

Net profit

9,376$

Payback period

4.2 years

Avg property value increase per year

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About the project

Orka Life project, bearing the signature of Orka Group, Kavan İnşaat and Mamik Group, includes 128 apartments and 10 villas. In the project, 3 + 1 apartments are designed as 142 to 170 square meters, 4 + 1 apartments are 200 square meters and 4 + 1 type villas are designed as 275 square meters. The Orka Life project, which is planned as a 5-star holiday village, has a business center as well as residences.

The Orka Life project, implemented in one of the most beautiful places in Kocaeli, is located in Başiskele-Yuvacık, 9 kilometers from the city center. 72% of the Orka Life project, which has uninterrupted forest and sea views, is reserved for green areas. In the project where the session has been going on for a while, 4 + 1 apartments and villas have been exhausted.