Land Feasibility Summary

This document summarizes the financial projections for a 55-home community across 6 development plans. Total projected revenues are over $16 million with a 24.9% housing direct margin. After indirect costs, the projected gross margin is 20.2%. Expected profit contribution is 14.6% of total revenues, or over $2.3 million. Absorption of homes is projected at 6.1 per month on average over a 9 month delivery period.