Talk of The Villages Florida - View Single Post - New homes on The Villages Original Side
View Single Post
 
Old 09-24-2014, 09:21 AM
TVMayor's Avatar
TVMayor TVMayor is offline
Veteran member
Join Date: Dec 2012
Location: Village Rio Grande
Posts: 697
Thanks: 0
Thanked 4 Times in 3 Posts
Default

Quote:
Originally Posted by Rc Moser View Post
My guess would be about 189K, my guess on profit would be 20-30K.
When we looked two years ago prices have gone up 30 to 40K plus everywhere now. I don't see market around here dropping any time soon. IMO that made it profitable.
189K

$115,000 for lot
$5,000 to pull unit put
$30,000 profit
$150,000 total

$189,000 - $150,000= $39,000 left for material and labor for a 3b 2b house. I personally have not a clue how much material and labor would cost but..........
__________________
MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game.