Bay Harbor Islands, FL 33154

Bay Harbor Project 1

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Bedrooms 4
Bathrooms 5
Area 3250 image/svg+xml
Description

This property is located in the prestigious town of Bay Harbor Islands, which is separated from the mainland by Biscayne Bay. The existing house is currently undergoing a complete remodel, and is situated on a 10,625 square foot piece of land. The property is located within walking distance to quaint and elegant business district on Kane Concourse. Here patrons can find high end shopping, fine dining, professional offices and art. The property is also located only a short distance from multiple top-notch K-8 schools.  The remodeled property will have 4 bedrooms and 5 baths.

Equity
$0 (0%) Invested
$534,975

Expected Return

0.00%

Total Project Est.cost

$2,674,875

Timeframe: 7 Months

Months to completion: Months

Development Loan
$0 (0%)
$2,139,900

Expected Return

15%

Equity Min Investment $10,000 | Development Loan Min Investment $10,000

Learn more about the purchase process
Home Size 3,250 SF
Estimated Sale Price/SF (base case) $1,077
Total Estimated Sale Price $3,500,000
Total Development Costs $2,674,875
Estimated Profit ? $825,125
Margin of Safety 23.58%
Uses $ % PSF
Land $1,975,000 73.84% $608
Construction Costs $699,875 26.16% $215
Financing & Closing Costs $0 0% $0
Taxes & Other $0 0% $0
Total $2,674,875 100.00% $823
Sources $ %
Loan $2,139,900 80%
Equity $534,975 20%
Total $2,674,875 100.00%
Total Estimated Sale Price: $3.5M
Total Development Costs: $2.7M
Margin of Safety 23.58%
Land
Construction Costs
Project Start
1 mo Property Acquisiton
2 mo Permitting and Demolition
3 mo Site Preparation and Development Start
5 mo Development Completed
7 mo Closing Sale
Project End
Financial Analysis
Investment Calculator?

Est. Immediate Costs will become known during the transaction process when the inspection report comes in.

Deal Overview
Live Projections
Total Return $825,125
Est. Annualized ROI 132.2%
Appreciation ? 6% %
Your Investment $1,000
Appreciation Period
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Equity 50%
Loan 80%
Project Costs and Valuation Rental Projections
Total Costs $2
Purchase Price $1,975,000
Remodeling Cost $636,250
Project Management $63,625
Loan Interest $0
Project Costs Breakdown
Purchase Price
$1,975,000
Remodeling Cost
$636,250
Project Management
$63,625
Est. Development Loan Interest
$0
Total Costs
$2
Final Est. Property Value
$3,500,000
Est. Profit Margin 30.8%
Equity Valuation
Estimated Return Annualized
132.2%
Return on Equity Investment
77.1%
Estimated Annualized Return
on Development Loan
15%
10-Year Income Projection
Revenue Loan Interest Net Income
ROI by Year
CAP Rate by Year
Year 1 Year 3 Year 5 Year 10
Est. Gross Rent
$175,000
Property Management
$17,500
Property Tax
$67,200
Maintenance Costs
$8,750
Other
$1,750
Revenue Subtotal
Loan Interest
Net Rental Income
Est. Annualized ROI for Equity ?
Est. Annualized CAP RATE on Equity ?