Quick And Dirty Analysis

Figure 4-3-a, page 149

Revenue
Lots Price/lot Revenue Total
Phase 1 & 2 27 160,000 4,320,000
Phase 3 & 4 27 162,000 4,374,000
Phase 5 & 6 26 164,000 4,264,000
Phase 7 & 8 31 166,000 5,146,000
111 18,104,000

Expenditures
Land 9,276,500
Development Costs
grading 299,868
paving 675,517
storm sewer 345,922
water 304,798
sanitary sewer 245,118
offsite street paving 630,196
Fees & Permits 1,825,395
School Fees 610,833
Indirect Land Development 277,554
Financing Costs (2% x Max Loan Amount) 252,000
Marketing 5% of sales 905,200
Administration & Contingenc 5% of sales 905,200
TOTAL Development Costs 7,277,600
Subtotal 16,554,100
Interest Calculation
Equity 4,000,000
Debt 12,554,100
Avg Bal 50% 6,277,050
Duration 1 year
Rate 7.5% 470,779
Total Expenditures 17,024,879

Profit 1,079,121
 Per lot

163,099

83,572

65,564
149,136

153,377

9,722 6.5% 6.0%