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How to build a successful infill and earn double-digit returns

The Next Generation of New Infill Homes Example:

  1. Purchased a 42’x120′ Lot in Mount Pleasant. Cost $450,000.
  2. Built 2 infills 1500 sqft per side (above grade – unfinished basements).
  3. Build cost was $525,000 (approx.)
  4. Total Cost $975,000.00 Capital Investment $292,500 (30%).
  5. Sold each side for $600,000 for a total of $1,200,000.00.
  6. Gross Profit $225,000 minus commissions, loan interest, legal fees and etc.
  7. Net Profit 140,000/292,500 = 47.9%

This project was completed at 4th street and 18th ave NW in Mount Pleasant