New Construction - Single Family, Project #3

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Description

Single family spec home. Approximately 4300 sqft, 4 bedrooms, 4.1 bathrooms, 2 car garage, on a 55 x 150 lot.  Located off of Lovers and Inwood, this area attracts people downsizing from Highland Park.

The Numbers (Projections)

  • ROI - 43.93%
  • IRR - 43.93%
  • Net Profit - $176,320
  • Sale Price - $1,700,000
  • Land Price - $650,000
  • Development Cost - $688,000
  • Soft Cost - $80,280
  • Selling Cost - $105,400
  • Total Cash Invested - $401,400
  • Time (months) - 12
 

Interested in this deal?