Land purchase & construction cost breakdown |
||||
Description |
SQ FT |
Cost / SQFT |
Cost |
|
Land Sales Price |
16327 $ |
27 $ |
433,000 |
|
Closing cost between 1 % -1.5% |
1 $ |
4,350 $ |
4,350 |
|
Property Taxes estimated yearly |
1 $ |
7,700 $ |
7,700 |
|
Construction Cost |
3850 $ |
160 $ |
616,000 |
|
Architectural Drawings |
3850 $ |
10 $ |
38,500 |
|
Total Cost |
$ |
1,099,550 |
||
Description |
SQ FT |
Cost / SQFT |
Cost |
|
Estimated Property Value |
3850 $ |
389 $ |
1,497,650 |
|
Total cost |
3850 $ |
( 286 ) $ ( 1,099,590 ) |
||
Estimated Gain |
$ |
398,060 |
||
This house could be rented for $ 8,500 monthly |
12 $ |
9,500 $ |
114,000 |
|
Yearly estimated property taxes |
$ |
29,900 |
||
Yearly expenses ( insurance & maintaining ) |
12 $ |
1,145 $ |
11,000 |
|