Renovator's Delight - Renovation and Flip
Client is looking to multiple their invested money through property.
BLUE-CHIP RENOVATOR'S DELIGHT, Potential 36% R.O.I in 12 months
- Asking price: $435,000, purchase price $415,000.
- Client has not even seen the property. We helped the client by doing the home open inspection, dealing with the agents, negotiation, etc.
- Purchase price $415,000
- Projected renovation: $100,000
- Potential selling price after renovation: $650,000+
Numbers go something like below:
Purchase price: $415,000
20% deposit: $83,000
5% purchase fee (stamp duty, etc): $20,750
Total purchase including stamp duty, etc: $435,750
Interest 4% - 12 months: $13,280
Easy Buyer's Agent fee (1.5%+GST of purchase): $6847.5
TOTAL PROJECT: $555,877.5
INVESTED CASH: $223,877.5
Projected selling price: $650,000
Agent fee: $13,000
TOTAL REVENUE: $637,000
R.O.I: $81,122/$223,750 = 36.23% in 12 months
Are you thinking of buying or needing help with negotiation? DO talk to us first! We can help you find GREAT QUALITY PROPERTY. Type "MORE INFO" if you're keen on similar opportunities.
* This property has since been sold for $670,000.