$350K per unit all in
$250K per unit hard cost only
$50/$60K per unit on land value (unentitled)
MUP entitlements valued at $25K per unit
Construction Cost = or < monthly gross revenue X 100
For every $100 of construction cost there should be $1 or rent
Land cost = 20% of sale price
Land cost includes development costs
Soft Costs = 10% of total project cost
Included in soft is sale & closing = 3%