Case studies are an essential tool in property development as they provide valuable insights and learning opportunities for developers. These studies showcase real-world examples of successful and unsuccessful property development projects, allowing developers to learn from past experiences and avoid common pitfalls. By analyzing successful projects, case studies can also identify best practices and strategies that can be applied to future developments, increasing the likelihood of success. Additionally, case studies provide a way to understand market trends and dynamics that affect property development, helping developers make informed decisions about location, timing, and other factors that impact project feasibility. They also inspire developers with new ideas and creative approaches to property development and can demonstrate the potential impact of property development on local communities and economies, garnering support for projects. In summary, case studies are an essential component of property development, providing valuable insights, best practices, and inspiration for developers, leading to more successful and sustainable developments.
One example of Case Study in one of our properties is our Sunny Isle Project located in South Padre Island, TX. It is a Land purchase amount of $200,000, Development and Costs $925,000
For a 6 condo complex. After complete Value is $2,390,800 with a Cap Rate of 14.6%, and Cash on Cash Return of 54.2%, Monthly Net Operating income $12,818 per month with Property Management fees and all expenses including taxes and insurance.
Out of pocket investor capital to complete $281,509
Net equity of the property is $984,291!
Time to complete 13 months from permitting to turn key short term rental ready.