Grand Residence in Van

Name: Sales in Grand Residence started!
Start: 2020-03-26T08:35:29.603365+00:00
End: 2023-12-31T23:59:59+0000
Location: Grand Residence

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Project info

Object ID: 6158

Finished at	December 2018
Price, m²	From 378$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 55.00 m²
Floors	4
Apartments	60
Building phase	Completed
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

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

20,790$

Net profit

7,229$

Payback period

2.2 years

Avg property value increase per year

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About the project

Welcome To Be Right In The Center. Here you will be able to reach all your needs in just a few steps without suffering traffic trouble, and you will experience the privilege of finding “always better” with its wide and useful apartment options, in short, its location and aesthetics.

FERGÜL GRAND RESİDENCE PROJECT; It consists of 11 commercial flats, 36 1 + 1 and 20 CLOSE KITCHEN 2 + 1 apartments in two blocks.