you need to study market analysis document I will attach once selected
Answer these questions:
- Estimate land, development and construction costs
- Are there recent sales that help indicate value?
- Estimate NOI (rent, expenses, property tax)
- What other costs are there? (commissions)
- Prepare and income statement to show the revenues vs costs.
- How long will the development take and will there be a lease up period?
- How will you finance?
- What is your required return?
- Are there any other financial considerations?
- Is this investment financially feasible?
Circle back to your market analysis.
Did any assumptions change?
What do you plan to build and why?
Do you recommend this project?