Keystone, North Miami, FL 33181

Keystone, FL

Bedrooms

Bathrooms

Area

5100

Description

An exquisite new construction opportunity. Property is located in a gated, waterfront community called Keystone Point. The house on the property is a tear down, located on a 9,375 sq ft. waterfront lot. The gated community has no fixed bridges and has ocean access. Build your dream home - a boaters dream!

Project summary

Timeline

financial summary

Project Summary

Land Acquision Permitting and Demolition Site Preparation and Development Start Development Completed Closing Sale

Land Acquision

Property is acquired for $1.7 million.

Permitting and Demolition

Property is undergoing a complete new construction. Permits are acquired to demolish existing house. Demolition begins.

Site Preparation and Development Start

Demolition and site prep costs are found $96k. Total development costs are about $2m.

Development Completed

Development has been completed. Property has an estimated value if $2.75m.

Closing Sale

Sale has closed, property has been sold.

Final Annual financial Highlights

Equity

Final sale value ?

$7,000,000

Acquisitions costs ?

$1,700,000

Final total development cost ?

$2,016,000

Interest ?

$7,000,000

other costs ?

$300,000

Net profit ?

$2,000,000

Avg Annualized Investor Return ?

30.00%

Est. Annual financial Highlights

Equity Development loan

Est. Final sale value ?

$6,000,000

Est. Acquisitions costs ?

$1,696,250

Est. total development cost ?

$2,008,125

Est. Interest ?

Est. Other costs ?

$300,000

Est. Net profit ?

$1,995,625

Est. annualized equity investment return ?

fixed annual interest rate ?

15%

senior secured by project property ?

$2,963,500

property lowest point value ?

$1,272,188

est avg value in project timeline ?

$3,848,125

Est.final property value ?

$6,000,000

Project
start

month

Property Acquisition

month

Permitting and Demolition

month

Site Prep 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 ?

$1,995,625

Appreciation?

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

Project Costs and Valuation Rental Projections

Land Acquisition

$1,696,250

Demolition

$95,625

Development

$1,912,500

Sales and Marketing

$300,000

Est. Development Loan Interest

Total Costs

Final Est. Property Value

$6,000,000

Equity Valuation:

Estimated Return Annualized

71.89714182778913%

Return on Equity Investment

96%

Estimated Annualized Return
on Development Loan

15%

Year 1 Year 3 Year 5 Year 10

Est. Gross Rent

$300,000

Property Management

$30,000

Proprety Tax

$115,200

Maintenance Cost

$15,000

Other

$3,000

Revenue Subtotal

Loan Interest

Net Rental Income

Est. Annualized ROI for Equity ?

Est. Annualized CAP RATE on Equity ?