ANALISIS KELAYAKAN INVESTASI PEMBANGUNAN UMAH BARINAN VILLA DI DESA TIBUBENENG, KABUPATEN BADUNG, BALI

Abstract

This study aims to analyze the financial feasibility of the Umah Barinan Villa development project in Tibubeneng Village, Badung Regency, Bali. The research evaluates two rental schemes: Scenario I (daily rental) and Scenario II (annual rental with a 10-year contract paid in advance). The analysis methods used include Net Present Value (NPV), Internal Rate of Return (IRR), Benefit Cost Ratio (BCR), and Break Even Point (BEP). Results show that Scenario I generates an NPV of IDR 15.62 billion, IRR of 32.58%, and BCR of 1.66, with BEP achieved in the sixth year. Scenario II provides total revenue of IDR 38.106 billion received entirely in the first year. With an initial investment of IDR 6.883 billion plus a 10-year property tax of IDR 59.083 million, the project yields a surplus of IDR 31.223 billion. In conclusion, both schemes are financially feasible. The daily rental scheme offers higher long-term profitability, while the annual scheme provides security and immediate return on investment.