Proforma
PROJECTIONS
| BEST CASE | EXPECTED CASE | WORST CASE | |
|---|---|---|---|
| Number of Lots | 184 | 184 | 184 |
| 2 Bedroom units 104 units *810 | 84,240 | 84,240 | 84,240 |
| 3 bedrooms units 80 units * 1140 | 91,200 | 91,200 | 91,200 |
| Total sq footage | 175,440 | 175,440 | 175,440 |
| Land Area – Acres | 20.60 | 20.60 | 20.60 |
| Land Area | 865,200 | 865,200 | 865,200 |
| Cost of Land | $3,200,000 | $3,200,000 | $3,200,000 |
| Cost per sq foot | 3.70 | 3.70 | 3.70 |
| Total Horizontal Cost | $3,498,817 | $3,887,575 | $4,081,954 |
| Vertical Cost / sq foot | $96 | $101 | $113 |
| Total Vertical | $16,783,468 | $17,666,808 | $19,875,159 |
| Financing Exp | $1,998,347 | $2,086,681 | $2,307,516 |
| Total Cost of Finished TH | $25,480,632 | $26,841,064 | $29,464,629 |
| BEST CASE | EXPECTED CASE | WORST CASE | |
|---|---|---|---|
| Cost per Sq Foot | $145 | $153 | $168 |
| Sale Price / Sq Foot (minus fees) | $220 | $205 | $195 |
| Total Sale | $38,596,800 | $35,965,200 | $34,210,800 |
| Gross Profit | $13,116,168 | $9,124,136 | $4,746,171 |
| General Admin / Marketing Exp | $1,425,000 | $1,500,000 | $1,575,000 |
| Net Profit | $11,691,168 | $7,624,136 | $3,171,171 |
| Investment Amount | $3,000,000 | $3,000,000 | $3,000,000 |
| Profit Available After Return of Capital | $8,691,168 | $4,624,136 | $171,171 |
| Each 1% Shareholder (24 months) | $86,912 | $46,241 | $1,712 |
| 2% Share is $100,000 | $100,000 | $100,000 | $100,000 |
| Returned to 1% Shareholder | $273,823 | $192,483 | $103,423 |
| Internal Rate of Return (IRR) | 65.48% | 38.74% | 0.28% |