Per Acre and Per Lot Measures
Total
acres and acres per phase are not mandatory input entries. This is to
say that the profit and cash flow calculations
will be unaffected if entries
are
not made here. The project summary table is enhanced, however,
if acreage entries are made
because revenue, cost and profit items are reduced to a per acre
basis. Talk of per acre prices is commonplace in the land
business,
but
price per lot is actually a much more important measure.
| PROJECT SUMMARY |
||||||||
| Dollars | Per Lot | Percent | Per Acre | |||||
| Revenue | $6,085,000 | $73,313 | 100.00% | $112,685 | ||||
| Sale Cost | $243,400 | $2,933 | 4.00% | $4,507 | ||||
| Net Revenue | $5,841,600 | $70,381 | 96.00% | $108,178 | ||||
| Land Cost | $1,500,000 | $18,072 | 24.65% | $27,778 | ||||
| Development Cost | $2,595,000 | $31,265 | 42.65% | $48,056 | ||||
| COGS | $4,095,000 | $49,337 | 67.30% | $75,833 | ||||
| Gross Profit | $1,746,600 | $21,043 | 28.70% | $32,344 | ||||
| Interest | $197,985 | $2,385 | 3.25% | $3,666 | ||||
| Profit Before Tax | $1,548,615 | $18,658 | 25.45% | $28,678 | ||||
Land Development Model, LLC
302 West Lafayette Road
Medina, OH 44256
330.441.1690
302 West Lafayette Road
Medina, OH 44256
330.441.1690