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Calculation of Payback (rate 30 rub/doll):
- Land 5,45 Hectares (13,41 square acres)
- The square of 37 subdivisions for house building – 3,3 Hectares
- The square for Admin and infrastructure buildings, lake and roads – 2.15 Hectares
- Each subdivision for building 37 houses is 0.06 -0.12 Hectares
- The square of each house in average is 233 sq. meters
Investments into the project
Cost of land 5,45 Hectares with 6 built log houses, road, fence an approved plan |
$8 000 000 |
Electricity 400 ÊÂÀ |
$467 000 |
Distribution of the electric grid on each house |
$67 000 |
Gas with distribution and assembling to each house |
$200 000 |
Roads |
$300 000 |
Planning |
$300 000 |
Sewerage and water drain |
$100 000 |
Admin and infrastructure buildings |
$67 000 |
AQUEDUCT::
- bore (hole) |
$73 000 |
- distribution |
$103 000 |
In total: |
$9 677 000
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Payback if to sell houses:
- Possible to sell subdivisions of land with contract on building a house, before it is built
- To build The average house of 233 square meters cost about - $ 100 000
That amount include house built by “Canadian technology”.
The average house is 233 square meters with piece of land by $2,000 per square meter costs approximately $463,300.
There are 37 subdivisions to build houses
After sale of 37 houses can be gotten $17,142,100.
To build 31 houses (6 already built, total amount of houses by General plan - 37) – $3,100,000.
Total investment: $12,777,000 ( $9 677 000 + $3,100,000)
Profit is doing to be $4,365,100 (some houses can be sold before they built and because of it real profit can be much higher)
(Taxes, adds and cost of administration are not counted.)
PAYBACK if houses will be rented out:
To build The average house of 233 square meters for rent cost about - $ 110 000
Approved Plan and subdivision of the land has done for 37 houses:
- 5 houses - 153,81 sq. meters.
- 14 houses - 236,69 sq. meters.
- 18 houses - 259,24 sq.meters.
For that houses should be divided on units the same as it done in Sorochany resort::
- House 153,81 sq.m on 3 units.
- House 236,69 sq.m on 4 units.
- House 259,24 sq.m on 4 units.
There are 143 living unit in this settlement:
- House of 153,81 m2 – 5 houses by 3 units – total 15 units.
- House of 236,69 m2 – 14 houses by 4 units – total 56 units.
- House of 259,24 m2 – 18 houses by 4 units – total 72 units.
Average price is $167 a night for unit.
For this calculation presume that at winter all units are occupied, at summer – 33% occupied.
In winter income from 1 unit would be $25,000.
(150 days by $167 would be $25,050)
In summer income from 1 unit would be $8,333.
(150 days by $167 with 33% of units occupied would be $8,333)
So in a year income from one unit would be about $33,333.
All income in a year from whole village would be $4,767,000.
Investments in total:
To build 31 houses - $ 3 410 000
To buy land and build the infrastructures - $ 9 677 000
In total - $ 13 087 000
Payback for this project is:
All income in a year from whole village would be $4,767,000.
Total investments are: $ 13 087 000
Recoupment (payback) of the project will take less than 3 years.
(Taxes, cost of administration and profit gotten from additional services are not counted in this calculation)
All calculated prices for rent and demand based on independent sources, from websites of closest villages for rent. To rent out all houses should be divided on units of 50-70 square meters areas (as in Sorochany resort http://www.sorochany.ru/). Look also cost of rent in nearest Skiing resort Volen http://www.volen.ru/hotel/ski_tours/) There are not enough cottages for all who want to rent them, higher demand than supply.
Info for building calculation from independed sources:
- Houses building www.rupan.ru or www.gromada-stroy.ru
- Gas and Electricity cost taken from local governmental companies, and we can help to connect with them
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