Miami Beach, FL 33140

Miami Beach ( Lakeview ) Project 1

Bedrooms 4

Bathrooms 4

Area 2600

Description

This property is an ideal opportunity located in Lake View, one of Miami's most family-friendly neighborhoods. The property is located only a short distance from La Gorce Country Club and Fisher Park, and is driving distance from Miami's most famous beaches. As is, the property has an open floor plan with 2,926 total sq ft., 3 bedrooms and 3 bathrooms, with a generous formal living and family room that comes equippped with a bar and entertainment area, a spacious dining room, and an expansive pool. This home could be spectacular with a custom renovation.

Equity

$0 (0%) Invested

$480,938

Expected Return

0.00%

Total Project Est.cost

$2,137,500

Timeframe: 7 Months

Months to completion: -38 Months

Development Loan

$0 (0%)

$1,816,875

Expected Return

15%

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

Learn more about the purchase process

Home Size	2,600 SF
Estimated Sale Price/SF (base case)	$1,135
Total Estimated Sale Price	$2,950,000
Total Development Costs	$2,292,500
Estimated Profit ?	$657,500
Margin of Safety	22.29%

Uses	$	%	PSF
Land	$1,450,000	63.25%	$558
Construction Costs	$687,500	29.99%	$264
Financing & Closing Costs	$155,000	6.76%	$60
Taxes & Other	$0	0%	$0
Total	$2,292,500	100.00%	$882

Sources	$	%
Loan	$1,816,875	79.07%
Equity	$480,938	20.93%
Total	$2,297,813	100.00%

Total Estimated Sale Price: $3M

Total Development Costs: $2.3M

Margin of Safety 22.29%

Land

Construction Costs

Financing & Closing Costs

Project Start

1 mo Property Acquisition

2 mo Site Preparation and Development Start

6 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 $657,500

Est. Annualized ROI 70.3%

Appreciation ? 6% %

Your Investment $1,000

Appreciation Period

Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom

Equity 30%

Loan 85%

Project Costs and Valuation Rental Projections

Total Costs $2

Land Acquisition $1,450,000

Development $625,000

Sales and Marketing $155,000

Project Management $62,500

Loan Interest $0

Project Costs Breakdown

Land Acquisition

$1,450,000

Development

$625,000

Sales and Marketing

$155,000

Project Management

$62,500

Est. Development Loan Interest

Total Costs

Final Est. Property Value

$2,950,000

Est. Profit Margin 38%

Equity Valuation

Estimated Return Annualized

70.3%

Return on Equity Investment

41%

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

$147,500

Property Management

$14,750

Property Tax

$56,640

Maintenance Costs

$7,375

Other

$1,475

Revenue Subtotal

Loan Interest

Net Rental Income

Est. Annualized ROI for Equity ?

Est. Annualized CAP RATE on Equity ?