3-room apartment with terrace and large garden
Project objective: To invest in luxury real estate 20% of the initial payment at the start of construction. In order not to contribute the remaining 80% of the cost, before putting the object into operation, sell real estate, earning on the increase in the price of the general real estate market and the readiness of this project.
Claimed investment amount: €100,000
Desired income: 50%
Implementation period: 1.5 years
Project result: The business project was successfully implemented. The investor received a profit more than expected, namely 89,894 euros, which is 78.85% of the return on own capital invested.
Object cost
€380 106
Own funds invested (20%)
€95,000
Purchase tax
€0
Commission Horizon Real Estate Investments s.r.o. (5%)
€19,000
The total cost of the project for the investor
€114,000
The market value of the object at the time of sale
€470,000
Profit
€89 894
ROI
78,85%
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What has been done within the framework of this project
- Search and support for the purchase of an object: 3-room apartment with a large terrace and a garden with a total area of 218 sq m in an elite club house with underground parking and a storage room.
- At the start of construction, the investor contributed only 20% of the cost of the object. According to the terms of the contract, the investor must pay the rest after the apartment is put into operation.
- 3 months before the expected date of delivery of the house, the object was put up for sale and sold for 470,000 euros.
- Accompaniment of the purchase and sale transaction.
- The investor exited the transaction with a net profit of EUR 89,894, representing a 78.85% return on equity capital.
