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Lehigh Acres Duplex
The Sunshine
Prices Starting at $308,400
(including lot)
Investment Example
Duplex Project
|
Duplex Construction Base Price |
$220,900 |
|
Lot (Estimated) |
$50,000 |
|
Site Work (Fill, Clear, Grade) |
$12,500 |
|
Dual Septic Systems |
$6,000 |
|
Estimated Closing Costs |
$7,000 |
|
Interest Allowance During Construction |
$12,000 |
|
Total |
$308,400 |
Investment
Analysis Assumptions
Investor
will hold the property for one to two years after certificate of occupancy.
Construction period: Twelve months from closing date.
Financing
of the investment will be at 80-90% of the appraised value, based on credit
qualifications.
Rental
income calculated at $950.00 per duplex for a total of $1900.00 monthly.
The
disposition of the duplex may be accomplished in potentially two manners.
First as one complete unit and possibly as two separate units if approved by
the county.
Rental
occupancy calculated at 90% with a 10% management fee.
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property.
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