Case Study: Cosmetic Rehab

bedrooms4 Bedrooms bathroom3 Bathrooms reception rooms3 Reception Rooms reception roomsDouble gardenGarden

24.32%The Returns

Our investor earned a 24,32% return on an investment of $35,406.
The project took just over 5 months.

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Purchase price $92,000
Renovation cost $22,038
Sales price $159,900
Investor equity $36,652
Investor profit $8,912
Investor ROE 24.32%
Project duration (months) 5.2
Annualised investor ROE 58.89%
This split level property on a lovely wooded erf was bought for $92,000, and resold for $159,900 after a partial cosmetic rehab.

The investor only put $35,406 into the property, for a return on equity of 24.32% (58.89% annualised).