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River
Forest
Investment
Market
Analysis
Features – Site
• Underground Utilities
• Community Water and Sewer
• Protective Covenants
• Water Features in Common Area
• Professional Landscaping
• Outdoor Riverside Kitchen
• Golf Cart Trail to River
• Fire Pits / Picnic Tables / Park Grills
• One – Year Warranty on all Materials and Labor
Features - Exterior
• Steel Reinforced Slab
• Log Siding
• 25 yr Metal Roof
• Vinyl Windows
• Covered Parking
• Covered Entry
• Exterior Lighting
• Professionally Landscaped
• Soil Treatment
Features - Interior
• Hardwood Floors
▫ Living Area / Kitchen / Dining / ½ bath
• Carpet
▫ 2nd Floor / Master Bedroom and Bath
• Vaulted Ceilings
• Tongue and Groove Walls
• Wired for Telephone / Satelitte
• HVAC
Features - Kitchen
• Hardwood Floors
• Raised, Pine Panel Cabinets
• Pantry
• Refrigerator
• Dishwasher
• Oven / Range
• Double Bowl Stainless Steel Sink
Features - Bath
• Elongated Water Closets
• Vanity Mirrors
• Country-Style Vanity Cabinets
• Vanity Top w/ Drop Bowls
• Decorative Vanity Lighting
• Fiberglass Shower / Tub
Features - Electrical
• Smoke Detectors with Alarm
• High-Efficiency Air Conditioner
▫ Heat Strips / Programmable Thermostat
• Two Exterior GFI Outlets
• Ambient Lighting in Kitchen and Living Areas
Features - Plumbing
• PVC water / waste lines
• Forty Gallon Hot Water Heater
▫ High Efficiency / Quick Recovery
• Two Exterior Hose Bibs
Features – Upgrades
• Appliances
▫ Kitchen apps / Washer / Dryer / Trash Compactor
• Floors
• Carpets
• Cabinets
• Security Systems
• Sun Room
• Fireplace
Duplexes
• 2 Beds / 2.5 Baths
• W/ a Loft
• Full Unfinished Basement
• 26 ft X 32ft
• Optional Sunroom / Formal Dining Room
Main
Upper Lower
Duplex Plans
Duplex Elevation
Triplexes
• 2 Beds / 2.5 Baths
• W/ a Loft
• 26ft X 32ft
• Optional Sunroom / Formal Dining Room
main
Triplex Plans
upper
Triplex Plans
Triplex Elevation
Triplex Elevation
Averages / Ranges (since June 1, 2007)
• Average Sold Property Price
▫ $445,800
• Range for Sold Property Prices
▫ $213,500 - $847,000
• Average Current Property Price
▫ $491,900
• Range for Current Property Prices
▫ $199,900 – $1,575,000
Projected Costs per Unit
• Concrete Slab - $3500
• Basement (if applicable) - $6500
• Waterproofing (if applicable) - $450
• Plumbing - $5900
• Electrical - $6000
• HVAC - $4500
• Insulation - $1500
• Roof - $7000
• Stain Interior / Exterior - $7000
Projected Costs (continued)
• Siding / Framing Materials - $14000
• Finish Materials - $10000
• Cabinets - $4000
• Countertops - $1000
• Fireplace- $2500
• Flooring labor / Materials - $4500
• Landscaping - $3000
• Labor - $20000
• General Contractor - $12500
Duplex Cost / Profit per Unit
• Cost to construct - $114,000
• Lot Price per Unit - $83,000
• Total Cost per Unit - $197,000
• Average Sales Price - $275,000
• Potential Profit - $78,000
• Total Profit from Duplexes - $934,000
Triplex Cost / Profit per Unit
• Cost to construct - $107,000
• Lot Price per Unit - $83,000
• Total Cost per Unit - $190,000
• Average Sales Price - $260,000
• Potential Profit per Unit - $70,000
• Total Profit from Triplex- $209,000
Estimated Potential Profit
• Sales:
▫ Duplex - $3,300,000
▫ Triplex - $780,000
▫ Existing Units - $450,000
 Total - $4,530,000
• Cost:
▫ Acquisition - $1,100,000
▫ Amenities - $150,000
▫ Duplexes - $1,370,000
▫ Triplex - $107,000
 Total – $2,727,000
• Total Potential Profit - $1,800,000

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River Forest ppoint for investors

  • 2.
  • 3. Features – Site • Underground Utilities • Community Water and Sewer • Protective Covenants • Water Features in Common Area • Professional Landscaping • Outdoor Riverside Kitchen • Golf Cart Trail to River • Fire Pits / Picnic Tables / Park Grills • One – Year Warranty on all Materials and Labor
  • 4. Features - Exterior • Steel Reinforced Slab • Log Siding • 25 yr Metal Roof • Vinyl Windows • Covered Parking • Covered Entry • Exterior Lighting • Professionally Landscaped • Soil Treatment
  • 5. Features - Interior • Hardwood Floors ▫ Living Area / Kitchen / Dining / ½ bath • Carpet ▫ 2nd Floor / Master Bedroom and Bath • Vaulted Ceilings • Tongue and Groove Walls • Wired for Telephone / Satelitte • HVAC
  • 6. Features - Kitchen • Hardwood Floors • Raised, Pine Panel Cabinets • Pantry • Refrigerator • Dishwasher • Oven / Range • Double Bowl Stainless Steel Sink
  • 7. Features - Bath • Elongated Water Closets • Vanity Mirrors • Country-Style Vanity Cabinets • Vanity Top w/ Drop Bowls • Decorative Vanity Lighting • Fiberglass Shower / Tub
  • 8. Features - Electrical • Smoke Detectors with Alarm • High-Efficiency Air Conditioner ▫ Heat Strips / Programmable Thermostat • Two Exterior GFI Outlets • Ambient Lighting in Kitchen and Living Areas
  • 9. Features - Plumbing • PVC water / waste lines • Forty Gallon Hot Water Heater ▫ High Efficiency / Quick Recovery • Two Exterior Hose Bibs
  • 10. Features – Upgrades • Appliances ▫ Kitchen apps / Washer / Dryer / Trash Compactor • Floors • Carpets • Cabinets • Security Systems • Sun Room • Fireplace
  • 11. Duplexes • 2 Beds / 2.5 Baths • W/ a Loft • Full Unfinished Basement • 26 ft X 32ft • Optional Sunroom / Formal Dining Room
  • 14. Triplexes • 2 Beds / 2.5 Baths • W/ a Loft • 26ft X 32ft • Optional Sunroom / Formal Dining Room
  • 19. Averages / Ranges (since June 1, 2007) • Average Sold Property Price ▫ $445,800 • Range for Sold Property Prices ▫ $213,500 - $847,000 • Average Current Property Price ▫ $491,900 • Range for Current Property Prices ▫ $199,900 – $1,575,000
  • 20. Projected Costs per Unit • Concrete Slab - $3500 • Basement (if applicable) - $6500 • Waterproofing (if applicable) - $450 • Plumbing - $5900 • Electrical - $6000 • HVAC - $4500 • Insulation - $1500 • Roof - $7000 • Stain Interior / Exterior - $7000
  • 21. Projected Costs (continued) • Siding / Framing Materials - $14000 • Finish Materials - $10000 • Cabinets - $4000 • Countertops - $1000 • Fireplace- $2500 • Flooring labor / Materials - $4500 • Landscaping - $3000 • Labor - $20000 • General Contractor - $12500
  • 22. Duplex Cost / Profit per Unit • Cost to construct - $114,000 • Lot Price per Unit - $83,000 • Total Cost per Unit - $197,000 • Average Sales Price - $275,000 • Potential Profit - $78,000 • Total Profit from Duplexes - $934,000
  • 23. Triplex Cost / Profit per Unit • Cost to construct - $107,000 • Lot Price per Unit - $83,000 • Total Cost per Unit - $190,000 • Average Sales Price - $260,000 • Potential Profit per Unit - $70,000 • Total Profit from Triplex- $209,000
  • 24. Estimated Potential Profit • Sales: ▫ Duplex - $3,300,000 ▫ Triplex - $780,000 ▫ Existing Units - $450,000  Total - $4,530,000 • Cost: ▫ Acquisition - $1,100,000 ▫ Amenities - $150,000 ▫ Duplexes - $1,370,000 ▫ Triplex - $107,000  Total – $2,727,000 • Total Potential Profit - $1,800,000