
Ryan Walker
Property One: Prague Single-Family
The very first investment project was a family flat in Prague 9. It was a no-money down deal, and all capital was raised and financed.
Investment Parameters
Location: Prague 9 - Kyje
Year of Entry: 2020, Covid Maturity: 2022
Investment Strategy: Force appreciation with renovation and upgrading to modern amenities, hold for natural appreciation, refinance, convert to rental property.
Size: 63m Cellar: 7m Balcony: Two, 10m and 20m squared Parking: Yes
Special Features
Negotiated to use the neighbors roof as a new, second terrace for the flat
Walls were demolished to create a bigger bathroom, the shower was built-in to maximize space
Old hardwood floors, doorframes, and doors were salvaged and restored
Kitchen was relocated to another room, pipes re-mapped
Custom, thought-out design work was done to each room
Payoff Projection
Cost of Purchase: 4,750,000 czk
Cost of Renovation: 250,000 czk
Property Value Estimate (as at Nov 2021): 7,000,000* czk
Property Value Estimate (as at Maturity): 7,500,000* czk
Initial Investment: 1,000,000 czk
ROI at Maturity: 275%**
*Based on for-sale comparables in the neighborhood of similar size and features such as a balcony, parking, and storage unit.
**ROI = (Value at maturity - Initial Purchase Value) / Initial Investment
BEFORE
AFTER (WORK IN PROGRESS)
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