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The Sunshine, Investment property Lee County FL


Pricing Breakdown
  Total Investment Out Of Pocket:  $9,475
  Home Price  $220,900
  Lot Price (estimated)  $50,000
  Closing Costs/Fees  $8,127
  Construction Interest Reserve  $16,375
  Total Estimated Project Costs  $285,927
  Preconstruction Appraised Value:  $317,697
  Appraised Value Equity Potential at Initial Closing  $31,770
  Potential Gross Profit after 2 year (1 year after construction)  $29,308
  Ultra Conservative Projected Rate of Appreciation  6%  $35,341
  Conservative Projected Rate of Appreciation  8%  $47,578
  Modest Projected Rate of Appreciation  11%  $66,364

 
Location: Lehigh, FL
Price:
$220,900
Sq. Footage:
Living Area:
1,200 Sq Ft
Type: Duplex
Layout:
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 Sunshine Floorplan
 (click floorplan to enlarge)

Sunshine Lee Florida Floorplan

 STRUCTURAL (ENGINEERED FOR FLORIDA
 BUILDING CODE)

  • Masonry construction    
  • Steel reinforced concrete footers
  • Visqueen vapor barrier under slabs
  • All permits and impact fees
  • Engineered roof truss system
  • Fungus resistant, three-tab fiberglass shingles (20 year)
  • Continuous exhaust ridge vent
  • One year soil treatment for subterranean termites
  • One survey

 PLUMBING

  • PEX or CPVC water line
  • Elongated bowl toilets
  • “Moen” or equivalent washer-less faucets (chrome color)
  • Tub/shower surround for bathrooms (no wall tile)
  • Double, stainless steel, kitchen sink with sprayer
  • Double-element quick-recovery 40 gallon water heater (each side)
  • Ice-maker supply lines
  • Four exterior hose bibs (two for each unit)
  • Bathroom fixtures (tub surrounds, toilets and sinks)

 ELECTRICAL

  • 150-amp back-to-back electrical service (Standard Overhead Power)
  • Standard toggle switches throughout in white
  • Pre-wire for two TV outlets (each unit)
  • Pre-wire for two telephone outlets (each unit)
  • Pre-wire for one ceiling fan in each bedroom, in kitchen,and living room 
  • Two exterior weatherproof electrical outlets (each unit)
  • Smoke detectors in each bedroom
  • Standard Light fixtures (each unit)

 

 


 Pricing Breakdown

Duplex Construction Base Price

$195,900

Lot (Estimated)

$50,000

Site Work (Fill, Clear, Grade)

$12,500

Dual Septic Systems

$6,000

Estimated Closing Costs

$7,000

Interest Allowance During Construction

$12,000

Total

$283,400

HEATING, AIR CONDITIONING AND INSULATION

  • High efficiency central air and heat (10 Seer minimum rating)
  • Air-conditioned walk-in closets
  • R-19 insulation in ceiling
  • R-11 insulation in frame partition walls
  • R-4.1 Fi-Foil on exterior masonry walls

 INTERIOR TRIM AND FINISH

  • Flex Bon paint
  • All walls and ceilings to have (1) color throughout (wall paint is flat finish)
  • All interior and exterior wood trim is painted semi-gloss
  • 3 ½”  colonial baseboard throughout painted
  • All interior door casing is 2 ¼” F.J. painted
  • Interior door hardware is “Kwikset” standard antique brass finish
  • Genuine marble window sills
  • Skip-trowel textured finish on interior walls
  • Vinyl-coated, ventilated shelving in closets
  • Painted Flush masonite interior doors
  • Flush masonite bi-fold closet doors

 EXTERIOR TRIM AND FINISH

  • Decorative masonry finish on exterior walls
  • Aluminum frame, single hung, windows throughout with tinted glass
  • Raised panel, insulated, steel front door
  • Raised panel, steel, garage door, with window
  • “Kwikset”, antique brass, door knobs and entry locks
  • All exterior door to receive dead bolt locks
  • Contemporary style front elevation, per plan
  • All soffits are perforated vinyl or aluminum

 CABINETRY

  • Custom-made kitchen cabinets and bathroom vanities with formica tops
  • Medicine cabinets in bathrooms

 APPLIANCES (BRAND NAME)

  • 18-cubic foot refrigerator (two)
  • Self-cleaning range, with range hood and fan (two)
  • Dishwasher (two)         

 WINDOWS AND SLIDING GLASS DOORS

  • Tinted glass windows
  • Screens on all operating windows
  • Weather-sealed
  • White frame
  • Tempered glass on all sliding glass doors

 FLOOR COVERING

  • Ceramic tile flooring in kitchen ($3.25 allowance/ materials and labor)
  • Wall to wall carpeting in living room, bedrooms, den and hallways ($10 per sq yd installed allowance)

 ADDITIONAL QUALITY FEATURES

  • Interior studs at 16" on center maximum
  • Plate glass mirrors over vanities
  • Washer hook- up
  • Electrical dryer venting
  • Fully finished garage
  • Garage floor to have smooth finish
  • 1,000 square feet of standard brush finished concrete driveways
  • 8,000 square feet of Bahia sod
  • One septic system with one lift station for both sides.                     
  • Two 4” wells with one submersible pump each well
  • Two aerators with two pumps and two water softeners (one for each side of duplex)
  • Two concrete culvert pipes (one under each drive)
  • Two-hour rated firewall between the two units
  • Standard sprinkler system
  • Landscaping per Lee County Code
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