Property Report A4 2

5.4 Financials 64
Financial Overview
Address: 19 Hinton Avenue, Forest Lake
PURCHASE
DISPOSAL
Purchase Amount Date Funding Amount Date
Deposit on Property $ 29,000 TBC Deposit Advance $ 247,200
Settlement of Property $ 551,000 TBC Settlement Advance $ 370,800
Total Funds $ 580,000
Total Funding $ 370,800
Estimated
Holding Period
Estimated Holding Cost $ 5,486
90.00 (Days)
Sales Proceeds $ 709,000.00 Forecast Projected Gain $ 103,530.00
Less Direct Costs $ 39,780.00 estimate
Legals on disposal $ 1,200.00 Forecast Less Funding Costs $ 5,486 estimate
Estate Agent Coms 2% $ 14,180.00 Forecast
Agents Commission 1% $ 7,090.00 Forecast Project Profit $ 58,264.19
Staging $ 3,000.00 Forecast Investor Profit $ 29,132.10
Total Disposal Costs $ 25,470.00
Net Proceeds $ 683,530.00
Gain / (Loss) $ 103,530.00
DUE DILLIGENCE COSTS
Building Report $ 850.00
Property Report $ 350.00
Meth Test Report $ 200.00
Counsil Pack $ 380.00
Total: $ 1,780.00
DIRECT PROPERTY COSTS
Major $ Value Minor $ Value Allowance $ Value
Walls $ 2,500.00 Blinds/Curtains $ 1,000.00 1% contingency $ 5,800.00
Bathrom $ 4,200.00 Paint $ 4,000.00
Kitchen + Living $ 9,000.00 Carpet/Vinyl $ 5,000.00
Laundry - Relocation $ 500.00 Electrical $ 1,000.00
Front Balcony $ 2,500.00 Plumbing $ 1,500.00
Landscaping $ 500.00
House Wash $ 500.00
Sub-Total: $ 18,700.00 Sub-Total: $ 13,500.00 Sub-Total: $ 5,800.00
Investment
Grand Total: $ 38,000.00
Investment Required 40% Total Value Due Diligence $ 1,780.00
Investment Required $ $ 247,200.00
Renovation Cost $ 38,000.00
Period of time ROI 0.117848284 Purchase Price 580000
Days Held 90 Total $ 618,000.00
Annualised ROI 47.79%
PROPERTY ANALYSIS