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This is a pass/fail grade with a pass grade of 1. Less than 1 can be a failure to a low grader grade for a low pass or poor or late effort. The objective is to give a short executive summary with the...

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This is a pass/fail grade with a pass grade of 1. Less than 1 can be a failure to a low grader grade for a low pass or poor or late effort.
The objective is to give a short executive summary with the good, the bad and the missing in the project file. Attachment of the project to be specifically evaluated is included.

Dallas Rental Units 201819
0
FINCH PARK
TOWNHOUSES
DEVELOPMENT ANALYSIS
REE 6715 – SUMMER 2020
SOUTH REAL ESTATE COLLECTIVE
South Real Estate Collective
1
CONTENTS
Executive Summary .......................................................................................................... XXXXXXXXXX2
Property Summary ............................................................................................................ XXXXXXXXXX3
Site Description ............................................................................................................. XXXXXXXXXX3
Improvements Description ............................................................................................. XXXXXXXXXX3
Market Preview ................................................................................................................. XXXXXXXXXX4
Market Demand ............................................................................................................. XXXXXXXXXX4
Market Supply ............................................................................................................... XXXXXXXXXX9
Marketability ..................................................................................................................... XXXXXXXXXX9
Rent Comparables .......................................................................................................... XXXXXXXXXX10
Sales Comparables ........................................................................................................ XXXXXXXXXX10
Comparable Land Sales .............................................................................................. XXXXXXXXXX10
Comparable Improved Property Sales ......................................................................... XXXXXXXXXX11
Project Feasibility ........................................................................................................... XXXXXXXXXX12
Development Costs ..................................................................................................... XXXXXXXXXX12
Stabilized Operations & Financing ............................................................................... XXXXXXXXXX14
Disposition & Returns
Answered Same Day Nov 20, 2021

Solution

Suvrat answered on Nov 21 2021
151 Votes
EXECUTIVE SUMMARY
The South Real Estate Collective is proposing the development of Finch Park Townhouses, a new 36 unit residential rental project to be located in the McKinney, Texas which is approximately 30 miles from Dallas. McKinney is a picturesque city which was ranked as one of the Best Places to Live. The Project is to build 36 units of approximately 1,250 SF which is ideal for a nuclear family of 4-5 people.
The report highlights various cost outlays and other comparable data of other residential projects around McKinney. The rent per square foot is $1.32/SF which is same as other properties of the same area of 1,249 SF. All these other projects are of smaller number of homes which cannot be compared with the proposed project of 36-units. The rent for bigger properties in nea
y area is less but lack 1-2...
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