🛠️Attention Developers Naples Land Deal with High ROI!👷‍♂️

Description

Property Details:

Has access to electricity
8,276 SqFt. Lot
Needs light land clearnace
Comparable New Developments:

https://www.zillow.com/homedetails/3175-Karen-Dr-Naples-FL-34112/54191095_zpid/ $1,050,000
https://www.zillow.com/homedetails/3205-Karen-Dr-Naples-FL-34112/54191116_zpid/
$1,030,000
Construction Details:

1,700 sq foot build
Luxury Finishes estimated at 200$ a sq foot
Land Clearance and removal of Mobile home $10,000-$12,000
Breakdown of ROI:

ARV: $1,100,000 x .7 ( 30% Return) = $770,000
1,700 sq ft x $200/ sq foot = $340,000
$770,000 – $340,000 = $330,000
Permitting, land clearance and closing costs estimated at: $30,000-$40,000
$330,000 – $40,000 = $290,000 Purchase Price for 30% return