Bayshore New Construction

Miami Beach, FL 33140

Bedrooms 5

Bathrooms 5

Area 3950

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

$314,971 (36%) Invested

$858,375

Expected Return

37.82%

Total Project Est.cost

$4,168,500

Timeframe: 12 Months

Months to completion: 12 Months

Development Loan

$0 (0%)

$3,147,125

Expected Return

8.5%

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)	$1,380
Total Estimated Sale Price	$5,450,000
Total Development Costs	$4,443,500
Estimated Profit ?	$1,006,500
Margin of Safety	18.47%

Uses	$	%	PSF
Land	$1,800,000	40.51%	$456
Construction Costs	$1,902,500	42.82%	$482
Financing & Closing Costs	$488,000	10.98%	$124
Taxes & Other	$253,000	5.69%	$64
Total	$4,443,500	100.00%	$1,125

Sources	$	%
Loan	$3,147,125	78.57%
Equity	$858,375	21.43%
Total	$4,005,500	100.00%

Total Estimated Sale Price: $5.5M

Total Development Costs: $4.4M

Margin of Safety 18.47%

Land

Construction Costs

Financing & Closing Costs

Taxes & Other

Project Start

1 mo Property Aquisition

4 mo Permitting and Demolition

5 mo Site Preparation and Development Start

11 mo Development Completed

13 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 $1,006,500

Est. Annualized ROI 58.6%

Appreciation ? 6% %

Your Investment $1,000

Appreciation Period

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

Equity 50%

Loan 85%

Project Costs and Valuation Rental Projections

Total Costs $4

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

Loan Interest $213,000

Project Costs Breakdown

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

Final Est. Property Value

$5,450,000

Est. Profit Margin 36.1%

Equity Valuation

Estimated Return Annualized

58.6%

Return on Equity Investment

58.6%

Estimated Annualized Return
on Development Loan

8.5%

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

$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 ?