Bal Harbor, FL 33154

Bal Harbour, "The Village", Miami-Dade County

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Bedrooms 6
Bathrooms 6
Area 225000 image/svg+xml
Description

This is a tremendous tear-down opportunity. Bal Harbour in Miami-Dade County, or "The Village" as it is locally known, is one of the most beautiful and exclusive areas of the thriving Miami area. Located on the northern tip of the island of Miami beach, it boasts water-front properties such as the Ritz-Carlton Bal Harbour and the Oceana at Bal Harbour, as well as an exclusive residential gated community in its western end. Property taxes that stay local, s opposed to high state income and sales taxes, and no non-sense policies have left much of the Miami metropolitan area alone among big metro areas in terms of not suffering much of the urban plight seen elsewhere from Los Angeles and Seattle to the once shining Big Apple. The sunshine, ocean canals and lush tropical gardens combined with the lively social scene make the area truly unique in the US mainland. A friendly police presence is everywhere, city services are efficient, timely and clean, and incredibly traffic and prices are still light compared to Los Angeles and other big US cities, with all their current problems. The Village, on a barrier island, has convenient road connections to both the mainland and the neighboring small islands such as the Bay Harbor islands (the eastern island zoned for commercial properties, and the western island for residential properties) and super-exclusive Indian Creek (home to the likes of Carl Icahn, Jared and Ivanka (Trump) Kushner, Tom Brady and Enrique Iglesias).

Equity
$0 (0%) Invested
$1,160,000

Expected Return

0.00%

Total Project Est.cost

$5,400,000

Timeframe: 18 Months

Months to completion: Months

Development Loan
$0 (0%)
$4,240,000

Expected Return

15%

Equity Min Investment $125 | Development Loan Min Investment $886

Learn more about the purchase process
Home Size 225,000 SF
Estimated Sale Price/SF (base case) $31
Total Estimated Sale Price $7,000,000
Total Development Costs $5,400,000
Estimated Profit ? $1,600,000
Margin of Safety 22.86%
Uses $ % PSF
Land $3,350,000 62.04% $15
Construction Costs $1,950,000 36.11% $9
Financing & Closing Costs $0 0% $0
Taxes & Other $100,000 1.85% $0
Total $5,400,000 100.00% $24
Sources $ %
Loan $4,240,000 78.52%
Equity $1,160,000 21.48%
Total $5,400,000 100.00%
Total Estimated Sale Price: $7M
Total Development Costs: $5.4M
Margin of Safety 22.86%
Land
Construction Costs
Taxes & Other
Project Start
01 mo Taking Money
10 mo Doing Nothing
18 mo Leaving Bahamas
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 $1,600,000
Est. Annualized ROI 46%
Appreciation ? 6% %
Your Investment $1,000
Appreciation Period
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Equity 50%
Loan 80%
Project Costs and Valuation Rental Projections
Total Costs $5
Land Acquisition $3,350,000
Demolition $150,000
Construction $1,800,000
Other $100,000
Interest of Development loan ? included automatically/not needed here? $0
Loan Interest $0
Project Costs Breakdown
Land Acquisition
$3,350,000
Demolition
$150,000
Construction
$1,800,000
Other
$100,000
Interest of Development loan ? included automatically/not needed here?
$0
Est. Development Loan Interest
$0
Total Costs
$5
Final Est. Property Value
$7,000,000
Est. Profit Margin 29.6%
Equity Valuation
Estimated Return Annualized
46%
Return on Equity Investment
69%
Estimated Annualized Return
on Development Loan
15%
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
$350,000
Property Management
$35,000
Property Tax
$134,400
Maintenance Costs
$17,500
Other
$3,500
Revenue Subtotal
Loan Interest
Net Rental Income
Est. Annualized ROI for Equity ?
Est. Annualized CAP RATE on Equity ?

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