3-room apartment in Podunajské Biskupice
Project objective: Find and buy an apartment in a bad condition, but in a good location with great potential, carry out repairs and immediately sell, earning on the difference.
Claimed investment amount: €185,000
Desired income: 10%
Implementation period: 2 months
Project result: The 3-room apartment was bought in the Podunajska Biskupitsa area in the city of Bratislava. A professional renovation was carried out, the main budget furniture was bought. The apartment was sold within a week for 205,000 euros. The investor earned 20,800 euros of net profit in 2 months.
Object cost
€164,000
Repair and arrangement with everything necessary
€12,000
Purchase tax
€0
Commission Horizon Real Estate Investments s.r.o. (5%)
€8200
The total cost of the project for the investor
€184 200
The market value of the object at the time of sale
€205,000
Profit
€20 800
ROI
11,29%
What has been done within the framework of this project
- The 3-room apartment was bought in the Podunajska Biskupitsa area in Bratislava. The price of the apartment was 164,000 euros.
- An experienced reliable team was invited to carry out repair work. The cost of the work was 7,000 euros.
- The necessary furniture was ordered and delivered in the amount of 5,000 euros.
- The object is put up for sale and sold for 205,000 euros in just 1 week.
- The investor earned 20,800 euros of net profit in 2 months, which amounted to 11.3% return on invested capital.
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