: Formal analysis of market data, costs, and potential returns.
To download the 5th edition of "Real Estate Development: Principles and Process" PDF, click on the following link: [insert link]. : Formal analysis of market data, costs, and
The book covers the fundamental principles of real estate development, including: : Formal analysis of market data
| Line Item | Year 1 (construction) | Year 2 (stabilized) | |-----------|----------------------|----------------------| | Gross rental income | – | $1,500,000 | | Vacancy (5%) | – | ($75,000) | | Effective gross income | – | $1,425,000 | | Operating expenses | – | ($500,000) | | | – | $925,000 | | Land cost | ($2,000,000) | – | | Hard costs | ($10,000,000) | – | | Soft costs (fees, interest) | ($3,000,000) | – | | Total cost | ($15,000,000) | – | | Stabilized value (cap 6%) | – | $15,416,667 | | Profit | – | $416,667 | interest) | ($3
