Echo at Novel Park in Irvine

Name: Sales in Echo at Novel Park started!
Start: 2020-07-21T08:48:03.725801+00:00
End: 2023-12-31T23:59:59+0000
Location: Echo at Novel Park

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Project info

Object ID: 8121

Finished at	October 2019
Price, m²	From 4600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 160.00 m²
Floors	3
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

736,000$

Net profit

9,376$

Payback period

62.6 years

Avg property value increase per year

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Promos and discounts for Echo at Novel Park

About the project

By its nature, Echo resonates. These single-family Irvine homes offer 1,708 to 2,429 sq. ft. floor plans with lots of flexible space to make your own. At Echo, natural connections in life come together and reflect back on themselves to create something greater than that which preceded it.

Echo at Novel Park offers 4 floor plans options. Derived from the word unique, Novel Park could not be more aptly named. 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