Lakeview New Construction

Miami Beach, Lakeview, FL 33140

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Bedrooms 4
Bathrooms 4
Area 2600 image/svg+xml
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. The idea for this design is to have two, clearly defined stacked volumes to visually break up the size of the home and be more in line with the smaller, quaint feel of the neighborhood. The first floor volume blends in with the natural elements and environment by using darker/earthy tones and larger glass openings to have more of an open and indoor-outdoor feel in the common areas. For the 2nd floor volume, we want this to feel like a precious stone that is elevated and private. This white and pristine geometry is more prism-like which relates, in a modern way, to the triangular shaped roofs in the neighborhood. Windows and openings are used more appropriately for this type of geometry.

Equity
$0 (0%) Invested
$50,000

Expected Return

2,236.87%

Total Project Est.cost

$3,415,000

Timeframe: 15 Months

Months to completion: 14 Months

Development Loan
$0 (0%)
$0

Expected Return

9.25%

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) $1,635
Total Estimated Sale Price $4,250,000
Total Development Costs $3,570,000
Estimated Profit ? $680,000
Margin of Safety 16%
Uses $ % PSF
Land $1,700,000 47.62% $654
Construction Costs $1,395,000 39.08% $537
Financing & Closing Costs $360,000 10.08% $138
Taxes & Other $115,000 3.22% $44
Total $3,570,000 100.00% $1,373
Sources $ %
Loan $0 0%
Equity $50,000 100%
Total $50,000 100.00%
Total Estimated Sale Price: $4.3M
Total Development Costs: $3.6M
Margin of Safety 16%
Land
Construction Costs
Financing & Closing Costs
Taxes & Other
Project Start
1 mo Property Acquisition
5 mo Planning and Permitting
7 mo Demolition Completed
14 mo Development Completed
15 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 $4,045,000
Est. Annualized ROI 3236%
Appreciation ? 6% %
Your Investment $1,000
Appreciation Period
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Equity 50%
Loan 83%
Project Costs and Valuation Rental Projections
Total Costs $50
Land Acquisition $1,700,000
Loan Fees $65,000
Development $1,250,000
Closing Costs $155,000
Project Management $145,000
Platform Fee $50,000
Loan Interest $205,000
Project Costs Breakdown
Land Acquisition
$1,700,000
Loan Fees
$65,000
Development
$1,250,000
Closing Costs
$155,000
Project Management
$145,000
Platform Fee
$50,000
Est. Development Loan Interest
$205,000
Total Costs
$50
Final Est. Property Value
$4,250,000
Est. Profit Margin 8400%
Equity Valuation
Estimated Return Annualized
3236%
Return on Equity Investment
4045%
Estimated Annualized Return
on Development Loan
9.3%
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
$212,500
Property Management
$21,250
Property Tax
$81,600
Maintenance Costs
$10,625
Other
$2,125
Revenue Subtotal
Loan Interest
Net Rental Income
Est. Annualized ROI for Equity ?
Est. Annualized CAP RATE on Equity ?