Proposed Acquisition: 90 Acre Parcel – Shafter, California
(86.14 Net)
Purchase Price: $4,100,000
COE: 9/20/2005
Deposit: $250,000 (Paid)
Amount Due at Closing: $700,000
Seller Financing: $3,150,000 @ 6% ($15,750 I/O – per
month)
Carry Costs: $378,000 (Estimated – 24 months)
Engineering & Mapping: $300,000 (Estimated)
LLC Contribution: $1,500,000 (35% Equity)
Lots: 301 (10,800 square feet)
Acquisition Cost/Lot: $13,622
Sale Price: $50,000 (Paper Lot – Tentative
Map) x 240 = $12,000,000
Profit: $7,200,000 – (35% = $2,520,000)
(Estimated)
Time Frame: 18 – 24 months
ROI: 84% per annum, 168% over 2 years
If at any time you have any questions regarding the
project, please call Lee Kauftheil at 800-689-8323, Ron Kahn at 650-279-0366, or Greg Meister at
650-400-5599.
