Olcay Point Residence in Esenyurt

Name: Sales in Olcay Point Residence started!
Start: 2020-03-27T09:04:14.220234+00:00
End: 2023-12-31T23:59:59+0000
Location: Olcay Point Residence

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Project info

Object ID: 6201

Finished at	December 2020
Price, m²	From 730$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 64.00 m²
Floors	24
Apartments	269
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	Security Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

46,720$

Net profit

7,813$

Payback period

4.6 years

Avg property value increase per year

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About the project

Olcay Point Residence project, bearing the signature of Olcaylar Group, is built on a 7 thousand square meter plot. The project, which has a construction area of 40 thousand, has 269 apartments and 15 shops. There are different types of houses from 1 + 1 to 4 + 1 in the 33-storey single tower. At Olcay Point Residence, 1 + 1s are gross 64, net 54 square meters, 2 + 1s are gross 115, net 100 square meters, 3 + 1s are gross 150, net 140 square meters, 4 + 1s are gross 234, net 220 square meters.

Olcaylar Group, which has undertaken different projects for more than 10 years in Beylikdüzü and Esenyurt, started a new project. The Olcay Point Residence project, which rises adjacent to the Innovia 2 project, is located 700 meters from the E-5 in terms of location. Ideal for investment, the project has different types of apartments with plenty of daylight. Features of the project include an indoor swimming pool, Turkish bath, fitness center, sauna, parking garage and 24-hour security.