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The Fairchild Coconut Grove in Miami

Name: Sales in The Fairchild Coconut Grove started!
Start: 2020-08-13T11:13:12.555800+00:00
End: 2023-12-31T23:59:59+0000
Location: The Fairchild Coconut Grove

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Project info

Object ID: 8641

Finished at	December 2020
Price, m²	From 8300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 240.00 m²
Floors	6
Apartments	26
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground 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

1,992,000$

Net profit

9,376$

Payback period

169.5 years

Avg property value increase per year

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About the project

The Fairchild Coconut Grove is designed thoughtfully to become your ultimate sanctuary. Every residence offers open and airy floor plans with 11’ ceiling heights, and finishes and details including: flooring throughout, solid wood doors, LED lighting, modern bathroom vanities and walk-in closets. Expansive and engaging views set the backdrop to open living and dining areas that surround a true chef-inspired, professional kitchen.