River Forest

InvestmentMarket

Analysis

Features – Site

•Underground Utilities•Community Water and Sewer•Protective Covenants•Water Features in Common Area•Professional Landscaping•Outdoor Riverside Kitchen•Golf Cart Trail to River•Fire Pits / Picnic Tables / Park Grills•One – Year Warranty on all Materials and

Labor

Features - Exterior

•Steel Reinforced Slab•Log Siding•25 yr Metal Roof•Vinyl Windows•Covered Parking•Covered Entry•Exterior Lighting•Professionally Landscaped•Soil Treatment

Features - Interior

•Hardwood Floors▫Living Area / Kitchen / Dining / ½ bath

•Carpet▫2nd Floor / Master Bedroom and Bath

•Vaulted Ceilings•Tongue and Groove Walls•Wired for Telephone / Satelitte•HVAC

Features - Kitchen

•Hardwood Floors•Raised, Pine Panel Cabinets•Pantry•Refrigerator•Dishwasher•Oven / Range•Double Bowl Stainless Steel Sink

Features - Bath

•Elongated Water Closets•Vanity Mirrors•Country-Style Vanity Cabinets•Vanity Top w/ Drop Bowls•Decorative Vanity Lighting•Fiberglass Shower / Tub

Features - Electrical

•Smoke Detectors with Alarm•High-Efficiency Air Conditioner

▫Heat Strips / Programmable Thermostat•Two Exterior GFI Outlets•Ambient Lighting in Kitchen and Living

Areas

Features - Plumbing

•PVC water / waste lines•Forty Gallon Hot Water Heater

▫High Efficiency / Quick Recovery•Two Exterior Hose Bibs

Features – Upgrades

•Appliances▫Kitchen apps / Washer / Dryer / Trash

Compactor•Floors•Carpets•Cabinets•Security Systems•Sun Room•Fireplace

Duplexes

•2 Beds / 2.5 Baths

•W/ a Loft

•Full Unfinished Basement

•26 ft X 32ft

•Optional Sunroom / Formal Dining Room

Main

Upper Lower

Duplex Plans

Duplex Elevation

Triplexes

•2 Beds / 2.5 Baths

•W/ a Loft

•26ft X 32ft

•Optional Sunroom / Formal Dining Room

main

Triplex Plans

upper

Triplex Plans

Triplex Elevation

Triplex Elevation

Averages / Ranges (since June 1, 2007)•Average Sold Property Price

▫$445,800•Range for Sold Property Prices

▫$213,500 - $847,000

•Average Current Property Price▫$491,900

•Range for Current Property Prices▫$199,900 – $1,575,000

Projected Costs per Unit

• Concrete Slab - $3500•Basement (if applicable) - $6500•Waterproofing (if applicable) - $450•Plumbing - $5900•Electrical - $6000•HVAC - $4500•Insulation - $1500•Roof - $7000•Stain Interior / Exterior - $7000

Projected Costs (continued)

•Siding / Framing Materials - $14000•Finish Materials - $10000•Cabinets - $4000•Countertops - $1000•Fireplace- $2500•Flooring labor / Materials - $4500•Landscaping - $3000•Labor - $20000•General Contractor - $12500

Duplex Cost / Profit per Unit

•Cost to construct - $114,000•Lot Price per Unit - $83,000•Total Cost per Unit - $197,000•Average Sales Price - $275,000•Potential Profit - $78,000

•Total Profit from Duplexes - $934,000

Triplex Cost / Profit per Unit

•Cost to construct - $107,000•Lot Price per Unit - $83,000•Total Cost per Unit - $190,000•Average Sales Price - $260,000•Potential Profit per Unit - $70,000

•Total Profit from Triplex- $209,000

Estimated Potential Profit• Sales:

▫ Duplex - $3,300,000▫ Triplex - $780,000▫ Existing Units - $450,000

Total - $4,530,000• Cost:

▫ Acquisition - $1,100,000▫ Amenities - $150,000▫ Duplexes - $1,370,000▫ Triplex - $107,000

Total – $2,727,000

• Total Potential Profit - $1,800,000