Project cash profit / loss before tax$18,500
Cash contributed before sale$119,000
Cash returned at sale$137,500
Additional cash needed at sale$0
Holding-period interest$7,500
Other carrying costs$3,000
Entered selling charges$11,000
Sale price for project cash break-even$280,928
Return on all contributed cash15.55%
No rehab draw schedule, lender approval, legal fee or commission rate is inferred. A closing cash deficit needs actual funding. Return is for the full project holding period, not annualized. Sale price is an assumption; income taxes, time value and an external investment return are excluded.