Bati Residence in Kirikkale

Name: Bati Residence
Brand: Me-Ne İnşaat
SKU: 6448
Availability: InStock

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Project info

Object ID: 6448

Finished at	June 2020
Price, m²	From 450$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	10
Apartments	218
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Kids playground Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

17,100$

Net profit

5,883$

Payback period

2.1 years

Avg property value increase per year

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About the project

The West Residence project, built by Me-Ne İnşaat, consists of 218 flats in 2 blocks of ground + 10 floors. There are 108 apartments in the western block on sale. Only apartments in the western block are sold. The gross area of the apartments is determined as 40 square meters and the net area is 38 square meters in the project, which consists of 1 + 0 apartments.