Puma Ridge Investor Start up Costs and Return
Based on Five Equal Investor/Owners
June 16, 2009
The following costs are based on a McCall area property currently for sale June 2009.
| |
Total Project Costs |
First Five Investor/Owners |
| LAND |
Development costs |
Their 5 homes |
Start up needs |
| 110 acres at $12,200 per acre |
$ 1,342,000 |
$ 89,467 |
$1,252,533 |
| PROPERTY DEVELOPMENT |
|
|
|
75 home sites, lodge and exterior
amenities at $29,000 per home site. |
$ 2,175,000 |
$ 145,000 |
$ 345,000
5 extra lots plus
$200,000 infrastructure
|
| RESIDENCES |
|
|
|
75 at $200,000 each
1640 sf at $122.00/sf. |
$15,006,000 |
$ 1,000,000 |
$ 0.00 |
| LODGE including site |
$ 560,000 |
$ 37,330 |
$ 522,670 |
| Development |
$19,083,000 |
|
balance of lodge |
| |
|
|
|
| MANAGEMENT |
$ 2,481,000 |
$ 165,400 |
$ 185,400 |
| TOTAL |
$21,564,000 |
$1,437,180 |
$2,285,603 |
| |
|
$3,722,783 Combined |
First five investor/owners pay $744,560 each ($3,722,783 divided by 5).
$287,436 for their cabin and membership and $457,121 investment.
$457,121 times five equals $2,285,603 working capital.
For this scenario, the balance of 70 homes will be built out at original $287,436 plus cost of inflation, plus $20,000 per home. This $1,400,000 plus the $345,000 upfront infrastructure investment would equal $1,735,000 return on the total $2,285,603 investment.
Obviously, these are just numbers. There could be just one investor or 20 and the actual return could be more or less. The investors would help set these amounts depending on prevailing market and interest rate conditions.
COME TO THE SANCTUARY OF PUMA RIDGE RETREAT.
|
