Modo at Novel Park in Irvine

Name: Sales in Modo at Novel Park started!
Start: 2020-07-20T06:58:14.630861+00:00
End: 2023-12-31T23:59:59+0000
Location: Modo at Novel Park

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Property for sale in Modo at Novel Park — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 8096

Finished at	February 2019
Price, m²	From 4640$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 140.00 m²
Floors	3
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

649,600$

Net profit

9,376$

Payback period

55.3 years

Avg property value increase per year

Open ROI calculator

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About the project

Some things just feel right. Like Modo in Irvine. Featuring traditional and contemporary townhomes ranging from 1,488 to 2,329 sq. ft, you're sure to find something perfect for you. Modo takes what is important - work/life balance, friends & family - and helps you bring it all together into a single, natural groove.

Derived from the word unique, Novel Park could not be more aptly named. These seven new Irvine collections are each brought to life by the countless stories of the friends and neighbors that occupy them. Novel Park is a one-of-a-kind community inspired by life’s many journeys—founded in the spirit of creativity, exploration and discovery.

Developer

Taylor Morrison builds communities, literally and figuratively. We’re not only a good neighbor in all of the communities we call home, but i…
Details about Taylor Morrison