4-room house in Horvatsky Grob
Project objective: To invest in an object at the construction stage, make repairs and sell the object, earning on the difference.
Claimed investment amount: €280,000
Desired income: €45,000
Implementation period: 8 months
Project result: A 4-room house was bought in the place of Croatian Coffin at the construction stage. The house has been renovated and equipped with everything you need. After the announcement of the sale, the object was sold within 2 weeks for 310,000 euros. The investor earned 48,500 euros in net profit.
Object cost
€230,000
Repair and arrangement with everything necessary
€20,000
Purchase tax
€0
Commission Horizon Real Estate Investments s.r.o. (5%)
€11 500
The total cost of the project for the investor
€261 500
Realization price of the object
€310,000
Profit
€48 500
ROI
18,55%
What has been done within the framework of this project
- Purchased 4k house from the developer in a new area in the village of Horvatsky Grob. The price of the house was 230,000 euros.
- We waited half a year for the developer to complete the construction work.
- An experienced reliable team was invited to carry out repair work. The cost of the work was 20,000 euros. Term 2 months.
- The object is put up for sale and sold for 310,000 euros within 2 weeks.
- The investor earned 48,500 euros of net profit in 8 months, which amounted to 18.55% return on invested capital.
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