Real Estate Development - 5th Edition: Principles And Process Pdf

Real Estate Development, Fifth Edition | ULI Knowledge Finder

| Line Item | Year 1 (construction) | Year 2 (stabilized) | |-----------|----------------------|----------------------| | Gross rental income | – | $1,500,000 | | Vacancy (5%) | – | ($75,000) | | Effective gross income | – | $1,425,000 | | Operating expenses | – | ($500,000) | | | – | $925,000 | | Land cost | ($2,000,000) | – | | Hard costs | ($10,000,000) | – | | Soft costs (fees, interest) | ($3,000,000) | – | | Total cost | ($15,000,000) | – | | Stabilized value (cap 6%) | – | $15,416,667 | | Profit | – | $416,667 | Real Estate Development, Fifth Edition | ULI Knowledge

: All-new case studies and examples that bridge the gap between classroom theory and street-level practice. Real Estate Development