Analisis Kelayakan Finansial Pembangunan Perumahan Kemilau Griya Manonjaya Di Kabupaten Tasikmalaya

When implementing housing project investment, the return on invested capital is affected by many factors. The profitability of an investment that generates financial returns in the future can be assessed. This study aims to determine the financial feasibility of the Kemilau Griya Manonjaya Housing Development project in Tasikmalaya Regency from a financial point of view and determine the amount of profit obtaine from the investment results. Investment in the construction of this housing project requires a very large cost so that a financial feasibility analysis is carried out using the Accounting Rate Of Return (ARR) method, Net Present Value (NPV), Benefit Cost Ratio (BCR), Internal Rate Return (IRR), Payback period (PP), Profitability Index (PI), Return On Investment (ROI). The results of the study using the Accounting Rate Of Return (ARR) method of investment return of 17%, Net Present Value (NPV) of Rp. 21,722,588,674> 0, thus feasible to be realised. Judging from the results of the evaluation of financial feasibility using the Benefit Cost Ratio (BCR) method, the results obtained are 2.51> 1, so the project is feasible to be realised. Judging from the results of the evaluation of financial feasibility using the Internal Rate Return (IRR) method, the result is 1.56%, this figure shows that the project is feasible to be realised. While in the project Payback period (PP) the investment will return in the 5th year over 104 days, as for the comparison between the value of future net cash flows and the value of the current investment Profitability Index (PI) of 3.27> 1 and the rate of return on investment Return On Investment (ROI) of 2.27%. Thus Kemilau Griya Manonjaya Housing, especially type 36/72, meets the requirements in evaluating financial feasibility so that investment in this project is feasible because it is profitable.