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SALES AND PROFIT REPORT
The information in this report is based on research and interviews of sales agents from various offices
all aver the state. According to that information, we have deducted 10% on all calculated sales prices,
and added 15% to the time frame needed for sale. There will be additional income from the 10 acres of
commercial property that will translate to approximately 250,000 sq. ft. of buildable commercial space.
Sales of Waterfront lots:
Riverfront: Total - 30 lots x $140,000.00 = $4,200,000.00
Lakefront - South Lake: Total - 47 lots x $ 69,000.00 = $3,243,000.00
Lakefront - Center Lake: Total - 53 lots x $ 69,000.00 = $3,657,000.00
Lakefront - North Lake: Total - 46 lots x $ 64,000.00 = $2,944,000.00
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Total Waterfront (River & Lake) = 176 lots = $14,044,000.00
Balance of Lots in Development -(726 x $49,000.00) = $35,574,000.00
_________________________________________________________
TOTAL SALES OF LOTS $49,618,000.00
Total Expected Expenses $23,550,000.00
_________________________________________________________
Net Revenue from Lot Sales $26,068,000.00
Net Revenue from Sales of Homes
700 Homes x $200,000.00 = $140,000.000.00 x 7% = $ 9,800,000.00
Lots Paying Development Fee Only (202 x $10,000.00)= $ 2,020,000.00
_________________________________________________________
TOTAL NET INCOME $ 37,888,000.00
250,000 Square Foot of Commercial Space = Price to be Determined
The information in this report is based on research and interviews of sales agents from various offices
all aver the state. According to that information, we have deducted 10% on all calculated sales prices,
and added 15% to the time frame needed for sale. There will be additional income from the 10 acres of
commercial property that will translate to approximately 250,000 sq. ft. of buildable commercial space.
Sales of Waterfront lots:
Riverfront: Total - 30 lots x $140,000.00 = $4,200,000.00
Lakefront - South Lake: Total - 47 lots x $ 69,000.00 = $3,243,000.00
Lakefront - Center Lake: Total - 53 lots x $ 69,000.00 = $3,657,000.00
Lakefront - North Lake: Total - 46 lots x $ 64,000.00 = $2,944,000.00
********************************************************************************
Total Waterfront (River & Lake) = 176 lots = $14,044,000.00
Balance of Lots in Development -(726 x $49,000.00) = $35,574,000.00
_________________________________________________________
TOTAL SALES OF LOTS $49,618,000.00
Total Expected Expenses $23,550,000.00
_________________________________________________________
Net Revenue from Lot Sales $26,068,000.00
Net Revenue from Sales of Homes
700 Homes x $200,000.00 = $140,000.000.00 x 7% = $ 9,800,000.00
Lots Paying Development Fee Only (202 x $10,000.00)= $ 2,020,000.00
_________________________________________________________
TOTAL NET INCOME $ 37,888,000.00
250,000 Square Foot of Commercial Space = Price to be Determined
All American Real Estate Group, Inc. |
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