Surfside Project 2
Surfside Project 2

Surfside Project 2

Surfside, FL 33154

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Bedrooms 5
Bathrooms 5
Area 3950 image/svg+xml
Description

This property is located in the town of Surfside, FL, a beautiful oceanfront community in South Florida. Surfside has an attractive residential neighborhood and is located close by to its charming business district. The home was built in 1946 and is currently undergoing a completely new construction while incorporating key architectural concepts such as simplicity, efficient design, and purposeful materials. This modern home seamlessly blends into the surrounding neighborhood which is quaint and modest. The house is appropriately sized in the front yard to achieve the feel of the existing neighborhood but slowly starts to increase in size towards the rear in order to maximize the lot potential. The various volumes are highlighted with differentiating textures and highlighted with changes in material. The result of this design gives the impression of an ever-changing dynamic structure.

Equity
$261,543 (33%) Invested
$770,800

Expected Return

0.00%

Total Project Est.cost

$3,367,000

Timeframe: 12 Months

Months to completion: Months

Development Loan
$0 (0%)
$2,446,200

Expected Return

8.75%

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

Learn more about the purchase process
Home Size 3,950 SF
Estimated Sale Price/SF (base case) $1,087
Total Estimated Sale Price $4,295,000
Total Development Costs $3,418,000
Estimated Profit ? $877,000
Margin of Safety 20.42%
Uses $ % PSF
Land $1,200,000 35.11% $304
Construction Costs $1,820,000 53.25% $461
Financing & Closing Costs $231,000 6.76% $58
Taxes & Other $167,000 4.89% $42
Total $3,418,000 100.00% $865
Sources $ %
Loan $2,446,200 76.04%
Equity $770,800 23.96%
Total $3,217,000 100.00%
Total Estimated Sale Price: $4.3M
Total Development Costs: $3.4M
Margin of Safety 20.42%
Land
Construction Costs
Financing & Closing Costs
Taxes & Other
Project Start
1 mo Property Aquisition
4 mo Permitting and Demolition
6 mo Site Preparation and Development Start
9 mo Development Completed
12 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 $877,000
Est. Annualized ROI 56.9%
Appreciation ? 6% %
Your Investment $1,000
Appreciation Period
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Equity 50%
Loan 81%
Project Costs and Valuation Rental Projections
Total Costs $3
Land Acquisition $1,200,000
Plans and Permits $170,000
Development $1,500,000
Construction Management $150,000
Closing Costs $51,000
Loan Costs $42,000
Platform Fee $125,000
Loan Interest $180,000
Project Costs Breakdown
Land Acquisition
$1,200,000
Plans and Permits
$170,000
Development
$1,500,000
Construction Management
$150,000
Closing Costs
$51,000
Loan Costs
$42,000
Platform Fee
$125,000
Est. Development Loan Interest
$180,000
Total Costs
$3
Final Est. Property Value
$4,295,000
Est. Profit Margin 33.5%
Equity Valuation
Estimated Return Annualized
56.9%
Return on Equity Investment
56.9%
Estimated Annualized Return
on Development Loan
8.8%
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
$214,750
Property Management
$21,475
Property Tax
$82,464
Maintenance Costs
$10,738
Other
$2,148
Revenue Subtotal
Loan Interest
Net Rental Income
Est. Annualized ROI for Equity ?
Est. Annualized CAP RATE on Equity ?
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