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Profitability analysis of a company
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Real Estate Business Plan
667 Words2 Pages
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This is to ask whether your bank is able to arrange a mortgage for my properties that are situated in Central and in a one spot with a 14 suites apartment, three duplexes, and three vacant lots. Other than one duplex and my suite, i have not occupied these suites since 2007 as I had lost my business plan.
To produce income, i just need to pay off first the outstanding debts of taxes--$20,000 and utilities--$20,000, I have to pay $20,000 to hire a contractor to install a separated heating system, and I have to finish the rest of the works by myself. These properties can produce an approximate of $5,000 monthly net income that can most likely be stable from the fifth month of the mortgage payments commencing. I estimate that the renting will take three months to begin. The estimated net income is only the lowest rent, i.e. $300 plus utilities for one unit. I may also then continue a second phrase of major renovation like changing windows and doors, etc.
The three vacant lots can also be utilized for new revenue properties as a large package in a one spot; however...
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