PP = $850k
SD = $33k
Legals = $2k
Reno costs = $220k
Int costs (on 80% LVR from Oct to May at 6%) = $20.5k
Total Costs: $1,125,000 ...BEFORE selling agents fees
Sale Price: Assume $1.25m.
Agents fees (at 2%) = $25k
Profit = $100,000.
Return on Costs = 8.88% [i.e. $100k/...