How to build a successful infill and earn double-digit returns
The Next Generation of New Infill Homes Example:
- Purchased a 42’x120′ Lot in Mount Pleasant. Cost $450,000.
- Built 2 infills 1500 sqft per side (above grade – unfinished basements).
- Build cost was $525,000 (approx.)
- Total Cost $975,000.00 Capital Investment $292,500 (30%).
- Sold each side for $600,000 for a total of $1,200,000.00.
- Gross Profit $225,000 minus commissions, loan interest, legal fees and etc.
- Net Profit 140,000/292,500 = 47.9%
This project was completed at 4th street and 18th ave NW in Mount Pleasant