93 Acre Development

Project Summary:

This Development is located 8 miles south, south west of Lockhart Texas and 15 miles south, south east of San Marcos Texas. It will contain 70 to 80 1 acre parcels for placing affordable housing such as mobile homes and or tiny homes.

Financial Summary:

Valuation in 3 years is $5 million with a development cost of around $1.5 million.  Monthly cash flow is around $42k with an annual NOI of $504k

Our Goal:

Cash Flow model for long term hold by renting the land space between $400 to $700 a month. The development will not include amenities but will have an HOA for community controls.  

Demographics:

Estimated Population for Lockhart is 19,352 with growth (since 2010) of 12.70% and an average house hold income of $62,250 with 61% ownership.

Project Summary:

This Development is located just south Tyler Texas. It will contain about 111 lots for Building new homes. The lots vary in size.  However, they get larger as the development moves towards the back.

Financial Summary:

Valuation in 3 to 5 years is $24 million in sales with $17 million in cost.  

Our Goal:

Finish the out the development and build the homes.