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Updated over 1 year ago,
New build project, cost to build $1.3MM, profit $400k+, 9 month build
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.
Looking for
Denver, Colorado