TEAM PROJECT ENGINEERING ECONOMY TOPIC a REAL ESTATE PROJECT

  HO CHI MINH UNIVERSITY OF TECHNOLOGY OFFICE FOR INTERNATIONAL STUDY PROGRAMS FACULTY OF MECHANICAL ENGINEERING DEPARTMENT OF INDUSTRIAL SYSTEM ENGINEERING   ···☼··· TEAM PROJECT ENGINEERING ECONOMY TOPIC: A REAL ESTATE PROJECT CLASS CC01 – TEAM PASSIO - SEMESTER 221 SUBMISSION DATE: Instructors: Assoc Prof Dr Le Quynh Ngoc Lam Students’ name Students’ ID Phan Van Bach 2052865 Huynh Nguyen Khang Thinh 2053457 Trinh Minh Khoa 2052546  Nguyen Dinh Quoc Dat 2052233 Lam Hien Dang Khoa 2053130  HCM city, December 2022   ABSTRACT We’ve analyzed a real estate project based on real data, consulted from real estate agents; and from that, we provide the outcomes of different approaches These approaches are considered as independent projects, so it needs to be compared with a nothing approach From the analysis, we can conclude which approach is the most suitable for the investor’s condition, and also the best overall approach Time is the main comparison tool we use to compare these approaches, and the money flow will be calculated using knowledge from the Engineering Economics course There are approaches in total: one in which the investor funds the project all by his money, one in which he makes a loan from the bank, the rest are the ways he uses the money, plus the nothing approach When we find out the break-even point and the point where the independent approach surpasses the nothing approach, there are some interesting findings: the approach with the soonest break-even point doesn’t mean it will surpass the nothing project the fastest But eventually, every approach will surpass the nothing approach at a certain point The article focuses on our project and is divided into chapters: Chapter 1: Introduction Chapter 2: Theory fundamental Chapter 3: Project Analysis Chapter 4: Conclusion   THANK YOU During the study period this semester, our group has received a lot of help from our lecturer Assoc Prof Dr Le Ngoc Quynh Lam, as well as Assistant Lecturer Nguyen Duc Duy Without those help, our team would not be able to complete the report as it is now Our team would like to send our sincere thanks to you for imparting your valuable knowledge with our enthusiasm during our  study At the same time, we would also like to thank Assistant Lecturer   Nguyen Duc Duy for being extremely enthusiastic in guiding our group to complete this report through each class session as well as talks and discussions Without the teachers' help, our group would not have been able to complete the report Ho Chi Minh city, …………………………………   Best regards TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   TABLE OF CONTENTS ABSTRACT i THANK YOU ii LIST OF IMAGES iii LIST OF TABLES .iv CHAPTER 1: INTRODUCTION .1 1.1 The aim of the project 1.2 Data collection and project’s range 1.3 Project's Contribution CHAPTER 2: THEORY FUNDAMENTAL 2.1 Future Worth (FW) 2.2 Effective annual interest rates 2.3 Bank interest rate .5 2.4 Bank interest rate when lending CHAPTER 3: PROJECT ANALYSIS 3.1 The investor funds the project all by his money 3.2 The investor funds the project all by his money, but the land is renting 3.3 The investor make a loan from the bank, then buying the land and building the house 11 3.4 The investor nothing and put his money into the bank for compound interest 18 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   3.4.1 Do nothing (DN) compared to option .20 3.4.2 Do nothing compared to option 20 3.4.3 Do nothing compared to option 3a .21 3.4.4 Do nothing compared to option 3b 21 CHAPTER 4: CONCLUSION 22 REFERENCES 23 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   LIST OF IMAGES Figure The cash flow of scenario Figure The years it takes to meet the break-even point for option .8 Figure Money gain calculated using Excel function .9 Figure Cash flow for the second scenario, when the investor rents the land rather than buying it 10 Figure The simplified cash flow for option .10 Figure The break-even point of scenario The unit of money is in million VND.11 Figure Cash flow for the 3a scenario, where the investor has installment payment each year 12 Figure The cash flow for paying the loan The unit of money is in million VND 13 Figure 9. Next year debt calculation using excel function 13 Figure 10. Profit calculation using Excel’s function 14 Figure 11 Cash flow for the 3b scenario, where the investor pays all the loan at once 16 Figure 12 The cash flow for paying the debt and regaining the investment The unit of money is in million VND 16 Figure 13. Net income calculation using Excel’s function .17 Figure 14 Debt calculated with Excel function 17 Figure 15 Profit calculation using Excel’s functions for option 3b 17 Figure 16. Next year profit for option 3b after paying the debt 18 Figure 17 Do nothing option calculation formula 19 Figure 18 Do Nothing option with its money gain from years to years 19 Figure 19 Money gain comparison between option and DN option .20 Figure 20 Money gain comparison between option and DN option .20 Figure 21 Money gain comparison between option 3a and DN option 21 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TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   Figure 11 Cash flow for the 3b scenario, where the investor pays all the loan at once In this scenario, the investor wants to repay all his debt at one point rather than  paying a specific amount each year Figure 12 The cash flow for paying the debt and regaining the investment The unit of money is in million VND Here in the table we have important columns: year, debt, profit, monthly income, number of monthly income periods, annual income and net income The net income is calculated just like in option money gain 24 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   Figure 13. Net income calculation using Excel’s function Because the debt is not paid annually, it keeps stacking with the interest rate of  9% per year From that point the debt is calculated as: Figure 14 Debt calculated with Excel function  Debt n +1= Debt n ×( + 0.09) When the money gain using option approach surpasses the debt, the investor  will be able to gain profit, which is in year 25 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   Figure 15 Profit calculation using Excel’s functions for option 3b Hence, the profit in year is 1718 - 1509 + 338 = 547 (million VND) This means that the future worth has just been resetted The next year profit, year 7, starts the future worth again with the present value of year 7: Figure 16. Next year profit for option 3b after paying the debt Year profit = -FV(0.004, 12, 25.41, 547.47) = 886.05 Later years are also calculated like year 8, with adjusted A and pv After paying the debt, he needs to gain the remaining 3.1 billion investment to meet the break-even point Surprisingly, with this single-pay debt approach, the money gained in year 14 is 3,538 million VND, which means that he meets the breakeven point at the same year with the previous approach (Annual Payment) 3.4 The investor nothing and put his money into the bank for compound interest Type of Data Data value Properties/ Description Initial investment 4,000,000,000 VND into the The money is stacking from  bank, compounded monthly year to year month with i = 0.004 Compounding period = Compounding  period (CP)  payment period Table Summary of the option data 26 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   In this last scenario, the investor will invest into nothing; instead, he will put his money into the bank for compound interest The money he put in will be equal to the money that he invests in the project, which means billion VND Then, we will see if  this approach can gain more profit than the previous approaches The compounding period will be one month, thus the money he have the next year will be: Total money year n 12 +1 = Total money year n × ( + 0.004 ) or -FV(i, n, A, pv) with i = 0.004, n = years × 12 months, A = 0, pv = 4000 (million VND) Figure 17 Do nothing option calculation formula From that we have the following data: Figure 18 Do Nothing option with its money gain from years to years  Now we will compare with each option from previous approaches: 27 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   3.4.1 Do nothing (DN) compared to option Figure 19 Money gain comparison between option and DN option As can be seen in the figure above, the option 1, in which the investor funds the  project all by his money, is inferior to the DN option until year 20 This can be explained by the high interest rate, because there are some volatilities in the economy so that the banks have to raise the interest rate 3.4.2 Do nothing compared to option Figure 20 Money gain comparison between option and DN option In comparison with option 2, the DN option is superior until year 28 This can be considered slow for option 2, quite surprisingly when option is the fastest option to meet the break-even point 28 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   3.4.3 Do nothing compared to option 3a Figure 21 Money gain comparison between option 3a and DN option Because the investor has to pay a high interest rate for the loan, it is not surprising that it will take him 26 years to surpass the DN option However, this option surpasses the DN option faster than option - the option that meets the breakeven point the soonest 3.4.4 Do nothing compared to option 3b Figure 22 Money gain comparison between option 3b and DN option In this option 3b, where the investor pays all the debt at once, the result is quite the same as option 3a versus DN option owever, we can anticipate that this option will be longer to surpass the DN option 29 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOM Y.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT   CHAPTER 4: CONCLUSION In real life, the real estate project can be a lot more complex, with changing interest rates, maintenance costs, late rent payment or missing customers, etc and even pandemics However, in this simplified analysis, we can see there are many critical and interesting points The investor can determine how his plan will go based on these approaches, then choose the most suitable option If he wants to regain the investment soon, he can choose either option or option Or if he is in need of money, he can either choose option or option The interesting thing here is that even though option requires the least years to meet the break-even point, option requires the least years to surpass the DN option Overall, the best option might be option 1, where the investor owns the land and the house using his own fund; or DN option, as the interest rate right now is above the sky 30 TEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.R EAL.ESTATE.PROJECTTEAM.PROJECT.ENGINEERING.ECONOMY.TOPIC.a.REAL.ESTATE.PROJECT 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