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Development Budget Main St. -Phase II - Mashpee
<br /> Development Item Total Cost $Per Unit #Units: 8
<br /> SITE ACQUISITION $250,0001 $31,250
<br /> HARD COSTS
<br /> Site Preparation/ Roads $90,250 $11,281
<br /> Septic Systems/Wastewater $80,750 $10,094
<br /> Landscaping $57,000 $7,125
<br /> Residential Construction $1,187,880 $148,485
<br /> Hard Cost Contingency 1 $27,690 $3,461
<br /> TOTAL HARD COSTS $1/,443,570 $180,446
<br /> SOFT COSTS
<br /> Permits/Survey $33,250 $4,156
<br /> Architectural $23,750 $2,969
<br /> Engineering $38,000 $4,750
<br /> Legal $17,100 $2,138
<br /> Insurance $2,605 $326
<br /> Security $1,500 $188
<br /> Construction Manager $26,600 $3,325
<br /> Property Taxes $11,400 $1,425
<br /> Construction Loan Int. $71,250 $8,906
<br /> Application/Financing Fees $8,550 $1,069
<br /> Appraisal $6,175 $772
<br /> Utilities $20,900 $2,613
<br /> Accounting $12,825 $1,603
<br /> Marketing $111,750 $13,969
<br /> Soft Cost Contingency $14,250 $1,781
<br /> TOTAL SOFT COSTS $399,905 $49,988
<br /> TOTAL DEVELOPMENT COSTS $2,093,475 $261,684
<br /> Affordable Sales Revenue $330,000
<br /> Market Revenue $2,070,000
<br /> TOTAL REVENUE $2,400,000
<br /> Profit $306,525
<br /> Profit as % of Dev. Costs: 14.6%
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