Miami Beach, FL 33140

Miami Beach ( Lakeview ) Project 1

Bedrooms

Bathrooms

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.

Project summary

Timeline

financial summary

Project Summary

Property Acquisition Site Preparation and Development Start Development Completed Closing Sale

Property Acquisition

Property was acquired for $1.15 million.

Site Preparation and Development Start

Development costs are around $300k. Property is going through a complete remodel.

Development Completed

Remodel is complete. House is now for sale at $2.75 million.

Closing Sale

Property is now under closing sale.

Final Annual financial Highlights

Equity

Final sale value ?

Acquisitions costs ?

Final total development cost ?

Interest ?

other costs ?

Net profit ?

Avg Annualized Investor Return ?

0.50%

Est. Annual financial Highlights

Equity Development loan

Est. Final sale value ?

$2,950,000

Est. Acquisitions costs ?

$1,450,000

Est. total development cost ?

$687,500

Est. Interest ?

Est. Other costs ?

$155,000

Est. Net profit ?

$657,500

Est. annualized equity investment return ?

0.30%

fixed annual interest rate ?

15%

senior secured by project property ?

$1,816,875

property lowest point value ?

$1,150,000

est avg value in project timeline ?

$1,950,000

Est.final property value ?

$2,950,000

Project
start

month

Property Acquisition

month

Site Preparation and Development Start

month

Development Completed

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 ?

$657,500

Appreciation?

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

Project Costs and Valuation Rental Projections

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

Equity Valuation:

Estimated Return Annualized

70.30910609857978%

Return on Equity Investment

41%

Estimated Annualized Return
on Development Loan

15%

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 ?