Land basis: $150,000
Land closing costs: $3,000
Land loan portion: $90,000
Owned land equity credit: $0
Project cost before financing: $708,000
Construction funded: $555,000
Origination points: $12,900
Total months: 15
Interest carry: $46,266
Monthly carry: $396
Total carry: $5,938
All-in project cost: $773,103
Total equity: $128,103
Cost per unit: $773,103
Cost-to-value: 81.4%
Feasibility: Within normal range.
Selling costs: $57,000
Net sale: $893,000
Construction payoff: $645,000
Cash returned: $248,000
Return on equity: 93.6%
Annualized return: 74.9%
Profit margin: 12.6%
Profit per unit: $119,897
Projected returns are estimates based on user-supplied assumptions and are not a projection of investment performance.
Estimates for informational purposes only, not a commitment to lend or an offer of credit. Actual terms are subject to underwriting, appraisal, and lender approval.
