Will it work?
Describe the plot, choose what you'd build — the model does the rest. Every embedded assumption is documented in Inside the model.
Appraisal
Suburban apartments · Mid-market
Plot1,500 m²
→
Net land1,500 m²
→
Density1,350 m²
→
Sellable NSA1,569 m²
→
Units14
Avg unit price
€504,442
Sale price
€4,500/m²
Build cost
€1,800/m²
Land / m² density
€1,481
Avg unit
112 m²
GFA to build
1,891 m²
83%
Design
12 mo
Construction
2 yrs
from Aug 2027
Sell-out
16 mo
1.0 u/mo
Appreciation
+10%/yr
Net profit · after tax
€0.94M
12.5% net margin ·
the numbers work.
NPV @ 14%€0.14M
IRR (after tax)17.2%
Revenue€7.5M
Peak funding€2.5M
BreakevenFeb 2029
Taxes€0.1M
Where the money goes
Revenue (14 units,
1,569 m²)
€7,499,972
Construction
−€3,403,464
Land, soft costs, fees & admin
−€3,062,373
Profit before tax
€1,034,135
Taxes
(15% CIT after NID)
−€96,037
Net profit after tax
€938,098
12.5%
Project costs
- Land €2.0M 30%
- Construction €3.4M 52%
- Design & contingency €0.3M 5%
- Permits & parcellation €0.0M 1%
- Selling & marketing €0.5M 8%
- PM & admin €0.2M 2%
- Taxes €0.1M 1%