Map Of Neighborhoods

Special Listing Cond: N/A

Existing Land Use: Residential Lot; Other (See Rmks)

Zoned Presently: Single Family

Potential Use: Single Family; Other

Parcel Size: 1.00 - 2.49 Acres

Water: City Franchise

Sewer: Septic Tank

Electric: Other (See Rmks)

Gas: Other (See Rmks)

Distance to Cable: On Property

Distance to Phone: On Property

Distance to Water: On Property

Distance to Electric: On Property

Distance to Gas: None

Distance to Sewer: None

Existing 1st Loan: Treat as Free&Clear

New Financing: Cash

Reports/Disclosures: None

Environmental: None

Lockbox Type: None

Fencing: None

INFORMATION FROM SELLER: Active comps are at 1.2 - 1.7 mill for a product that is over 4,000 sq ft with over 12k lots - 8503 S 9th dr, phoenix az, - Active at 1.3 mill Sold comp at 1.7 mill sold 2 months ago that really helps substantiate the values for larger builds that will help new build projects to price out for us - 1009 W Ardmore rd., Phoenix, AZ, 85041 - Call for Link to zoom pics (see the type of product that sold for 1.7 mill) numbers for build-out for 3 Lots 20k lots with 4000 sqft houses (type of product I think should be built) Homes are worth 1.5 mill plus for resale Cost per lot (2 payoff notes) 160k a lot X 3 = 480k (Cost for the dirt) Cost for Infrastructure at 70k per lot X 3 = 210k Build out $200 sqft X 4000 sqft = 800k x 3 houses =2.4 mill Total cost (not including holding cost) = $3,090,000 List all 3 new builds for 1.5 mill X 3 = $4,500,000 Minus commissions and closing cost 7.5% X 4.5 mill = $337,500 (could use flat fee listing to low this expenses) Total profit: $4,500,000 - $3,090,000 - $337,500 = $1,072,500 Return on Cash: $1,072,500 / $3,090,000 = 34.7% ROI (cash on cash) Holding cost: $3,090,000 X 10% = $463,500k for 18-month Final ROI: $609,000 / $3,553,500 = 17% Cash on cash Final ROI Some May View ROI: 19.7% (if you don't add holding cost to cash basis)