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| A termite destroyed house is relatively common in
Coronado and can offer excellent opportunities for reward.
Here is an example |
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Investor Package on 50/50 split basis |
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(Termite Destroyed House) |
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Size of lot in SM |
1000 |
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Price per SM with damaged structure |
$55 |
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Cost of lot with damaged structure |
$55,000 |
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Size of final house SM |
160 |
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Number of Bed Rooms |
3 |
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Number of Baths |
3.5 |
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Casita for Maid |
yes |
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Swimming Pool (30 SM) |
yes |
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Bohio/Gazebo (20 SM) |
yes |
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Privacy walls (6-7 feet high) |
yes |
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Fancy gate (wrought iron) |
yes |
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Quality (with no granite or marble) |
standard |
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Landscaping (but modest) |
yes |
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Cost per SM for House Reconstruction |
$300 |
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Cost to build house |
$48,000 |
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Cost to build pool |
$7,500 |
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Cost to build bohio |
$1,500 |
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Cost to build Walls |
$2,500 |
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Landscaping |
$500 |
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Casita for Maid/Gardener (20 SM) |
$3,000 |
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Cost of land (from above) |
$55,000 |
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Plans and permissions (minimal) |
$1,000 |
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Total cost to build |
$119,000 |
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Selling price |
$215,000 |
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Cost to sell at 5% |
$10,750 |
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Potential profit from sale |
$85,250 |
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50/50 profit split |
$42,625 |
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Cash required from investor |
$119,000 |
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Profit paid to investor |
$42,625 |
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Straight ROI |
35.82% |
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Time to complete in months |
4 |
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Annualized ROI |
107.46% |
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