Florida Investment Property

Hernando, Florida - Jillian

Jillian
INVESTMENT EXAMPLE
Florida Investment Property
Florida Real Estate Investing Example:
Total Investment Out Of Pocket: $2,000 or Less
Preconstruction Appraised Value: $280,000
Price of Lot/Home/1 Year Payments/Closing: $230,000
Equity/Profit Before Construction Begins: $50,000
Anticipated 12-Month Appreciation 10%: $28,000
Gross Equity/Profit After Construction: $78,000
Example based on "The Joann Model" on a $52,000 lot.
Jillian Specs:
Price: (not including lot) $139,000
Builder: Hartland Homes
Square Ft: 2,000
Bedrooms 3
Bathrooms 2
Hernando County Real Estate Information
Florida Real Estate Development Patterns:
Bank Lending Guidelines:
Wachovia Real Estate Investment Report:
Real Estate Photo Gallery:
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AREA FACTS

SOIL & SITE WORK

  • Under slab termite protection
  • Soil percolation test
  • Initial site plan for standard 80X125 lot
  • Clearing and prep for 10,000 sq ft of lot
  • $5,000 allowance for lot clear and/or fill
  • 8000 sq ft of floratam sod

CONSTRUCTION & STRUCTURAL FEATURES

  • 3,000 PSI concrete slab
  • Under slab moisture barrier
  • Cement block wall reinforced with steel
  • Slab reinforced with steel and wire mesh
  • Lintels and corners poured solid
  • 10 year structural warranty
  • Engineered roof trusses hurricane anchored
  • Pro-bolt reinforced bearing walls

ROOF

  • Yellow pine engineered trusses 24 inches on center
  • Quality 15/32 OSB board roof sheathing
  • 30 year Timberline dimensional shingles
  • 12 inch vinyl soffit for Jessica model
  • 16 inch vinyl soffit for Jasmine model
  • 6 inch aluminum fascia
  • Energy saving ridge vent for full attic ventilation

PLUMBING

  • Washing machine hook up
  • 40 gallon quick recovery hot water heater
  • Elongated commodes
  • Moen single lever faucets
  • Ice maker line with shut off
  • Fiberglass laundry tub
  • 2 exterior hose bibs
  • Sprinkler system o cover 10,000 sq ft
  • Water connection and sewer connection fees
  • Porcelain on steel kitchen sink with spray
  • 40 ft water line

ELECTRICAL

  • All copper wiring (110 – 220 volts)
  • 150 AMP electrical service (200 available)
  • Pre-wire for garage door opener
  • 2 exterior weather proof outlets
  • 5 telephone pre-wires
  • 7 coaxial cable TV outlets
  • GFI outlets in kitchen, bath, garage and exterior
  • Decora light switches
  • Electric smoke detectors w/battery backup
  • $600 lighting allowance
  • 220 Volt dryer hookup
  • Pre-wire for microwave
  • Recessed eyeball lights per plan
  • Dishwasher, self cleaning flat top range and range hood
  • Door bell w/ chime
  • Garbage disposal

INTERIOR FEATURES

  • Designer carpet installed w/ 6 lb padding
  • WilsonArt or Pionite Laminate countertops with beveled edges
  • Armstrong cabinets
  • Acrylic tub in master bathroom
  • Raised panel Caramelle cut interior doors
  • ScottGuard washable interior paint
  • Glass enclosed master shower / ceramic wall tile, decos and listellos
  • Marble window sills
  • Cove lighting in all bathrooms
  • Spanish lace texture on all interior walls and ceilings
  • Garage walls and ceiling have Spanish lace
  • All window screens and closet shelving included
  • Tile Floors for wet areas
  • Tile floors in great room (Jasmine model) and family room (Jessica model)
  • Bullnosed corners on interior walls(Joanne and Jade model only)
  • Built-in plant shelves per plan

EXTERIOR FEATURES

  • Double application Spanish lace stucco on all exterior walls
  • Insulated painted steel front door with frosted glass
  • Steel sectional garage door w/ glass panes
  • 40X16 driveway (2 car garage)
  • Large Eyebrow front window (Jillian model only)
  • Quality vinyl shutters (Joanne model only)
  • Stucco bands, keys and returns per plan
  • Walkway from front driveway to front entry
  • Double pane insulated glass sliders (Joanne model only)

UTILITIES & PERMITS

  • County building permits
  • Health department permit
  • Impact fees
  • Water meter if needed
  • $9,200 allowance for above

WARRANTY

  • Workmanship covered for one year
  • Electrical covered for two years
  • HVAC covered for two years
  • Plumbing covered for two years
  • All structural components covered for ten years
Model 1
The Jillian
Cost $139,000
2,000 sqft
$5,000 Total Investment
Model 2
The Jade
Cost $148,500
2,174 sqft
$5,000 Total Investment
Model 3
The Joann
Cost $155,000
2,429 sqft
$5,000 Total Investment
Model 4
The Jessica
Cost $190,500
2,946 sqft
$5,000 Total Investment
Model 5
The Jasmine
Cost $201,500
3,194 sqft
$5,000 Total Investment