YOUR ULTIMATE DESTINATION!
This is a comprehensive proposal for the development of 20 residential homes in the charming town of Dallas, North Carolina. Dallas, NC, is a rapidly growing town located in Gaston County, just 25 miles northwest of Charlotte. Dallas has a population of approximately 6,000 residents, making it an ideal location for strategic residential development.
The town’s proximity to the Charlotte metropolitan area, coupled with its serene atmosphere, offers a unique opportunity to cater to homebuyers seeking a balanced lifestyle. The proximity to Charlotte NC makes it an ideal location for workforce home.
The purpose of this proposal is to highlight the town’s potential for real estate development, provide an overview of the population and housing market, and outline our approach to creating an affordable, vibrant, and sustainable residential community. The project has obtained all necessary approvals from the city, county, and state to commence development. The target market for these homes are buyers who qualify for home loans around $300,000 and below.
Market Analysis
The housing market in Dallas, NC, has been experiencing steady growth over the past few years. The demand for residential properties has been driven by the town’s strategic location, low crime rates, excellent schools, and the overall affordability of the area. With the influx of people seeking housing options outside the bustling urban centers, Dallas presents a lucrative investment opportunity for residential development.
Project Overview
Our proposal aims to construct 20 single-family homes within a thoughtfully designed and sustainable community. These homes will be tailored to accommodate various household sizes and lifestyles, attracting a diverse range of potential buyers seeking affordable housing near the Charlotte metropolitan area. This market is experiencing significant growth due to soaring home prices, making rentals almost unaffordable for many. We expect 26% IRR on this project.
Investment and Funding
The estimated budget for this project is $5.2 million, which includes costs for land acquisition, horizontal and vertical construction, all required permits with the town, county, and state, as well as contingencies. We are actively seeking funding partners to join us in this promising venture and invite you to be a part of this development. Our team has a successful track record in executing similar projects, ensuring a profitable return on investment. For this project, we aim to raise $2.2 million.
Timeline
The estimated budget for this project is $5.2 million, which includes costs for land acquisition, horizontal and vertical construction, all required permits with the town, county, and state, as well as contingencies. We are actively seeking funding partners to join us in this promising venture and invite you to be a part of this development. Our team has a successful track record in executing similar projects, ensuring a profitable return on investment. For this project, we aim to raise $2.2 million.
Conclusion
The proposed residential development in Dallas, NC, offers an opportunity to cater to the rising demand for quality housing in a serene and family-friendly environment. The investors will keep 70% of the profit, and a minimum guaranteed profit of 8% will be paid prior to any incentive fees. The general partners will only be paid after generating a minimum of 8% profit on the project. The project is expected to deliver a 27% ROI to the investors. Please refer to the detailed project plan and financial breakdown attached herewith as exhibit A. We would be delighted to arrange a meeting to discuss the proposal further and answer any questions you may have.
