Aplicação da análise de viabilidade econômica e financeira para venda de casas em um condomínio residencial no interior do Amazonas

Abstract

Civil Construction was one of the sectors that had the greatest negative impact since the last economic crisis in 2014, in which it closed more than 100 thousand jobs, and consequently, the situation was much more alarming, as there was a worsening in the following three years; however, there was a slight hike in 2018, with the help of the reduction in the Selic rate, in which people withdrew their money from investments that did not have as much income and invested in residential or commercial properties. In this way, new investments will be made possible, be they commercial or residential projects, creation of construction sites, hiring of personnel, machinery and material. Therefore, this work aims to apply the analysis of economic and financial feasibility in a residential condominium in the municipality of Iranduba, in the interior of Amazonas; showing the details of the project, and the costs involved in the elaboration; analyzing the economic and financial risk indicators; presenting cash flow, EBITDA, Net Present Value (NPV), Internal Rate of Return (TIR) and Payback to identify and evaluate the viability of the project; demonstrate possible flaws in the execution of the project. Starting from a feasibility study, using as a method, an applied and quali-quantitative research; bibliographic surveys, analysis and data analysis. Data were collected at the construction company and developer in the development and new business sector. The results showed that the project studied is economically viable and offers great potential. A simulation was carried out with the sale of all units of the project until the thirtieth month of execution, that is, until the completion of the work. The commercialization hypothesis resulted in a NPV of R$3,542,284.98, IRR of 34.27% p.a., simple payback with return on investment in the 26th month of execution and profitability index of 1.10. Based on these data, it was possible to carry out the application of economic feasibility indicators in the project's cash flow in order to verify the return on investment. The scenarios proved to be profitable and consistent in terms of their financial health and an interesting alternative for the investor, since all the methods of analysis applied showed a very positive result over the monthly periods analyzed, indicating a reasonably quick financial return.