Ethiop. J. Sci. Technol. 14(3): 239-257, October, 2021 239 ...
Final lavon 239 homes
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Transcript of Final lavon 239 homes
Not your ordinary builder, but an industry leader.
Proprietary of Cavender Real Estate Group LLC - 8/23/2015 1
Key Facts About Lavon Villas• $2 Million in equity required. • 9 Months to Final Map• All utilities on site• Close to New AllState Insurance Headquarters (5000+ new
jobs), Dallas Cowboys Practice Stadium, and booming North Texas economy.
• Growth that is a market phenomenon due to all the companies that have moved to North Texas.
• Right down the street from the Lake Lavon.• Only Site that doesn’t have to have our customers pay required
$10K public improvement district fee. Giving us another competitive edge.
• Planned town square not far from site.• City on board with our vision and plans.• Affordable prices with quality unmatched in North Texas Area. • If we sell the lots or build out the homes, our estimated sales
costs are significantly below competition. • All due diligence has been completed and the project is ready
to go. • Vendors, Realtors, Materials, Engineers, and Systems have all
been already been put in place.
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Development of Lots
Acreage: 75 Acres
Planned LotSizes/Products Size
5000 – 7500 SQFT -Lots
Number of Units 239 Lots
Land Costs $1,500,000
Per Lot Raw Cost $ 6,300
Total Per Lot Development Cost
$ 32,500
Est. Sales Cost Per*Bulk $45,000
Required Equity $2 Million
Gross Revenue $64,000,000
Net Income $ 7,683,000
AnticipatedInvestor Return
$3,700,000
Investment Term: 4 – 5 Years
Investor IRR 32.1%
Key Dates
Close of Land 11/20/15
Secure Builder 2 Builder Commitments
5/31/2016
Final Map 8/31/2016
Start Land Dev. 8/31/2016
CompleteDevelopment
TBD
Overview Of Real Estate Market
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4
Market Overview of Lavon, TX
Proprietary of Cavender Real Estate Group LLC - 8/23/2015
Market Overview – Lavon – Cont.
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Lavon,TX Trends
6Proprietary of Cavender Real Estate Group LLC - 8/23/2015
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Lavon,TX Trends
Demographics – 75166
Civilian Employment Industry
0%2% 1%
2%2%
93%
Population – Lavon , TX, 75166
African American
Asian or PacificIslander
Indian
Mixed Races
Others
White
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0%
71%
27%
2%
Employment - 75166
EmploymentStatus
Employed (ArmedForces)
Employed (Civilian)
Not in Labor Force
Unemployed
10%
7%
17%
7%
1%16%
5%
13%
4%
16%
4%
Arts/Entertainment
Construction
Education/Health
Finance/Real Estate
Information
Manufacturing
Others
Professional
Public Administration
Retail/Wholesale
Transportation/Warehousing
Employment by Industry for 75166
Possible Floor Plans – If We Build Out
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Additional Products we have built in the past and could use.
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How to Invest in ProjectsWe have selected multiple avenues for investors to invest in our project.
• Crowdfunding • Escrow.com• Direct Deposithttp://www.cavenderrealestategroupllc.com/portfolio.html
Invest Today!! For More Info – We can be reached at Gary Cavender (817)473-7800, Alex Cavender - (702)-497-1773, or emails [email protected]
If the total funding amount is not reached to successfully fund each venture, all funds will be returned to the investors.
All projects and estimates are based of actual site quotes, market specific data, and the costs to get the site to construction ready.
If majority of our investors decide to build the project out, we will pay out investors returns based on our estimated development sales of the initial deal and take our equity partners out with the construction financing if they choose. We will give our investors the option to extend their capital into the construction portion of the project if we choose to pursue that route.
All financial statements, costs, and plan changes will be available live through our portal.Proprietary of Cavender Real Estate Group LLC - 8/23/2015 11
Sources
Movoto
Metro Data
Local Professionals
National Association of Realtors
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