Home Projects Projects Finished How it Works About Us Contact Us
Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction Bayshore New Construction

Bayshore New Construction

Miami Beach, FL 33140

heart-outline

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. Once new construction is complete the property will be 4,050 square feet in total, with 6 bedrooms and 4 and a half baths. The design is derived from programmatic efficiency (emphasized by the architectural elements of planes and volumes), climate response (with nearly all windows facing north away from solar heat and radiation) and an appreciation of the surrounding neighborhood (by re-interpreting the appeal of a quaint, small-scale home, which steps away from the street, with the demands of modern life)..

Equity
$300,000 (36%) Invested
$817,575

Expected Return

39.71%

Total Project Est.cost

$4,168,500

Timeframe: 12 Months

Months to completion: 12 Months

Development Loan
$0 (0%)
$3,187,925

Expected Return

8.5%

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

Learn more about the purchase process
Project Summary
Property Acquisition

Property purchased.

Permitting and Demolition

Permits were received and demolition and site prep begins. This phase is currently ongoing, permits approved, and demolition in the works.

Development

Property type is a complete new construction of a luxury single family home. The design is derived from programmatic efficiency (emphasized by the architectural elements of planes and volumes), climate response (with nearly all windows facing north away from solar heat and radiation) and an appreciation of the surrounding neighborhood (by re-interpreting the appeal of a quaint, small-scale home, which steps away from the street, with the demands of modern life).

Finishing Trades and Building Completion

All major construction is done. Finishing details and craftmanship begins. Appliances and utilities are checked and connected. Final inspections are done and the site cleanup is carried out.

Marketing and Sale

Marketing materials, are ready from prior to completion. We may give customers an opportunity to request certain custom finishes.

The property is prepared and staged for sale. After what we hope is a competitive bidding process, the sale is finalized and closed. Investors are paid out in full.

Est. Annual financial Highlights
Equity Development loan
Est. Final sale value ?
$5,450,000
Est. Acquisitions costs ?
$1,800,000
Est. total development cost ?
$1,902,500
Est. Interest ?
$213,000
Est. Other costs ?
$323,000
Est. Net profit ?
$1,006,500
Est. annualized equity investment return ?
39.71%
fixed annual interest rate ?
8.5%
senior secured by project property ?
$3,187,925
property lowest point value ?
$646,875
est avg value in project timeline ?
$1,931,250
Est.final property value ?
$5,450,000
Project
start
1

month

Property Aquisition
4

month

Permitting and Demolition
5

month

Site Preparation and Development Start
11

month

Development Completed
13

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 ?
$1,006,500
Appreciation?
6%
%
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Project Costs and Valuation Rental Projections
Land Acquisition
$1,800,000
Plans and Permits
$115,000
Development
$1,625,000
Construction Management
$162,500
Platform Fee
$205,000
Closing Costs
$275,000
Loan Costs
$48,000
Est. Development Loan Interest
$213,000
Total Costs
$4
Final Est. Property Value
$5,450,000
Equity Valuation:
Estimated Return Annualized
61.5539858728557%
Return on Equity Investment
62%
Estimated Annualized Return
on Development Loan
8.5%
Year 1 Year 3 Year 5 Year 10
Est. Gross Rent
$272,500
Property Management
$27,250
Property Tax
$104,640
Maintenance Costs
$13,625
Other
$2,725
Revenue Subtotal
Loan Interest
Net Rental Income
Est. Annualized ROI for Equity ?
Est. Annualized CAP RATE on Equity ?