Ashlar Commons in Houston

Name: Sales in Ashlar Commons started!
Start: 2020-08-05T06:20:57.580121+00:00
End: 2023-12-31T23:59:59+0000
Location: Ashlar Commons

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Project info

Object ID: 8419

Finished at	August 2020
Price, m²	From 3300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 270.00 m²
Floors	3
Apartments	22
Condition	Turnkey
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

891,000$

Net profit

9,376$

Payback period

75.8 years

Avg property value increase per year

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About the project

Ashlar Commons is a gated community of 22 homes in the Montrose neighborhood of Houston, TX. The community offers a more substantial scale and sense of place in the ever popular Montrose - a neighborhood featuring a charming setting, brick lined streets, nearby award winning restaurants and close proximity to the arts and business centers of Houston. The homes at this new project by Pelican Builders will offer timeless architecture, high ceilings, open floorplans, and rooftop terraces.

Developer

With a portfolio that spans over thirty years, our principals are dedicated to making a house a home. We understand the fine balance between…
Details about Pelican Builders Inc