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Updated almost 2 years ago on . Most recent reply

User Stats

22
Posts
6
Votes
Reid R.
  • Denver, CO
6
Votes |
22
Posts

New build project, cost to build $1.3MM, profit $400k+, 9 month build

Reid R.
  • Denver, CO
Posted

Looking for a cash investor or an investor to carry hard/ private money loan for new construction project in Morrison CO. Completion expected in 9 months. Comps in neighborhood are 1.7MM- 2.2MM

Cash

Lot + build cost $1,300,000.00 ($120,000 contingency built in)
Closing Cost 7% $122,500.00
Sold Price $1,750,000.00
Net profit $ 327,500.00 (not including contingency)
ROI 25.19%

Project is in permitting, ready to break ground in 4-8 weeks.

Hard money would be $300k out of pocket expecting over 50% cash on cash return.

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