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Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154 Bay Harbor Islands, FL 33154

Bay Harbor Islands, FL 33154

Bay Harbor Project 1

heart-outline

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: 0 Months

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

Expected Return

15%

Equity Min Investment $10000 | Development Loan Min Investment $10000

Learn more about the purchase process
Project Summary
Property Acquisition

Property was purchased for $1.9m

Permitting and Demoltion

Permits were acquired and demolition began. House wwas in need of repair and renovation ASAP!

Development

Renovations begin at 1310 100th St.  Development costs $536,250.

Closing Sale

The proerties final value is estimated to be $3.5 m

Final Annual financial Highlights
Equity
Final sale value ?
$
Acquisitions costs ?
$0
Final total development cost ?
$0
Interest ?
$
other costs ?
$0
Net profit ?
$
Avg Annualized Investor Return ?
43.00%
Est. Annual financial Highlights
Equity Development loan
Est. Final sale value ?
$3,500,000
Est. Acquisitions costs ?
$1,975,000
Est. total development cost ?
$699,875
Est. Interest ?
$0
Est. Other costs ?
$0
Est. Net profit ?
$825,125
Est. annualized equity investment return ?
50.00%
fixed annual interest rate ?
15%
senior secured by project property ?
$2,139,900
property lowest point value ?
$2,185,000
est avg value in project timeline ?
$2,842,500
Est.final property value ?
$3,500,000
Project
start
1

month

Property Acquisiton
2

month

Permitting and Demolition
3

month

Site Preparation and Development Start
5

month

Development Completed
7

month

Closing Sale
Project
end
Initial Investment? $0

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

total return ?
$825,125
Appreciation?
6%
%
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Project Costs and Valuation Rental Projections
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
Equity Valuation:
Estimated Return Annualized
132.2024393663255%
Return on Equity Investment
77%
Estimated Annualized Return
on Development Loan
15%
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 ?