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Development Budget Lettie Ln. Property - Mashpee
<br /> Development Item Total Cost $Per Unit #Units: 16
<br /> Change from
<br /> 2/25 Submission
<br /> SITE ACQUISITION $320,0001 $20,000
<br /> HARD COSTS
<br /> Site Preparation $277,000 $17,313 . $27,000
<br /> Septic Systems/Wastewater $261,300 $16,331 $10,000
<br /> Landscaping $80,000 $5,000
<br /> Residential Construction $1,921;250 $120,078
<br /> Hard Cost Contingency $50,000 $3,125 -
<br /> TOTAL HARD COSTS $2,589,550 $161,847 $37,000
<br /> SOFT COSTS
<br /> Permits/Survey $40,050 $2,503
<br /> Architectural $43,200 $2,700
<br /> Engineering $84,250 $5,266 $4,000 _
<br /> Legal $27,000 $1,688
<br /> Insurance $34,200 $2,138
<br /> Security $1,800 1 $113
<br /> Construction Manager $67,500 $4,219
<br /> Property Taxes $9,000 $563
<br /> Construction Loan Int. $31,500 $1,969 .
<br /> Application /Financing Fees $8,550 $534
<br /> Appraisal $1,500 1 $94
<br /> Utilities - $4,500 $281
<br /> Accounting $8,300 $519
<br /> Marketing $102,710 $6,419
<br /> Soft Cost Contingency $30,0001 $1,875
<br /> TOTAL SOFT COSTS 1 $494,0601 $30,879 $4,000
<br /> TOTAL DEVELOPMENT COSTS 1 $3,403,6101 1 $212,726 $41,000
<br /> TOTAL REVENUE $3,917,000 $180,000 -
<br /> Profit $513,390 $134,100
<br /> Profit as % of Dev. Costs: 15.1% 3.8%
<br /> $244,813 Average Sale Prices/Unit
<br /> $115 lHard Building Cost/Square Foot
<br /> 19,746 Gross Square Footage
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