Skip to content
Land & New Construction

User Stats

74
Posts
47
Votes
Jacob Kline
  • Rental Property Investor
  • St Augustine, FL
47
Votes |
74
Posts

New Construction Homes- What am I missing?

Jacob Kline
  • Rental Property Investor
  • St Augustine, FL
Posted Nov 17 2019, 19:29

I’m a brand new investor located in St Johns County, FL. It’s difficult to find flip or rental deals here so I plan on building entry level new construction homes to build my liquidity. I know that if my #s are right, the home will sell which will allow me to build/sell 2 on the next go round, etc.

I’m wondering if I’m missing anything here in my #s so far?

So here it is:

Bought the land at a tax deed sale, plan to build a 1100sqft 3/2 home (entry level) with my own cash.

Land: $2400

Survey: $500

Quiet Title: $2500

Plans: $1000

Permitting: $3000

Impact Fees: $0 (impact credit)

Water connection fees: $5200

Septic system: $10000

Construction ($85 per sqft): $93500

Cost = $118,100

Loading replies...