Developers and Builders

[David Benton]

I'm in the acquisition process of a few tracts of land varying from 300 to 500 acres each to complete entitlement and sell to local builders. The area I'm focusing on is selling between $6000 to $10,000 per acre and split between 2 counties. New home median sales there are $205,000 in one and $235,000 in the other. 

This is in an area of high growth. Once the entitlement is complete what should I expect to be able to sell each development for per acre? Also in raising the capital and presenting this to some investors should I be focused on presenting the ROI only or are there other metrics I should use as well? I used ROI, ARR and IRR in some other projects but this one seems to be a bit different.