$156,000 – $206,000 Instant Equity
- 22.4% to 29% return on your total development cost
- TDC = $693,800
- Agent’s appraisal at $425,000 to $450,000 per side
- Total valuation of $850,000 to $900,000
- Conservatively, that’s $156,000 of instant equity
- Save over $21,000 in stamp duty, only pay $5,173
- After tax cash flow is $8,446