Multi-Family Identification and Evaluation

[Matthew Rubsamen]

Good Afternoon Bigger Pockets, 

I live in Colorado (Aspen are) and am looking at several multi-family investment options. 

Questions for those of you who own/are familiar with investing in multi-family:

1. Price per door as it relates to land: Say the listing price of an acre parcel with entitlements (multi-family) is $1,600,000 and there is a 75 unit project you have in mind. This would mean that each door = $21,333. What exactly is the purpose of calculating the $/door. I generally look at and calculate: Cost of land, plus construction cost, plus permits and fees, less vacancy and cost of funds (etc).

**Does the $/door valuation generally pertain to projects which an investor/developer would intend on holding?

2. Do you have a spreadsheet that assists in valuing these sorts of projects and helps the investor see how the real estate can/would preform?