Chanler Ridge – ID: 6624126
Key Information
Property Gallery and Description
Located in Greater Orlando, Chanler Ridge is a development of land plots that already include roads, drainage systems, water, sewerage, and public utilities (ready to build).
With only 2 plots remaining, the development represents a limited window of opportunity for savvy investors to take advantage of a truly unique investment opportunity.
Chanler Ridge at a glance
- Developed plots in an established community
- Convenient to shopping, schools, entertainment, and medical facilities.
- Popular location with strong rental demand
- 200 of the 273 homes at Villas at Chanler were built between 2006 - 2007
- Sales prices starting from US$45,000 for the developed land lots and US$199,000 for construction.
Key Benefits
- Only 6 remaining plots
- Substantially discounted fom development cost
- Plot size from 6,000 sq ft
- No ongoing maintenance costs
- Multiple exit strategies
- Prices from just $20,000
Buying and holding a developed land plot at Chanler Ridge for less than development cost, in an established community, is a perfect compliment to a performing real estate portfolio and even more appealing to the arm chair investor who doesn't want the headache of being a landlord but is still looking to make gains by investing in real estate.
Example based on 3 years Land Bank
Purchase price: US$20,000
Historic Sales Price up to : US$45,000*
Discount: 55%
Expected return if sold at 75% of peak historic pricing after 3 years
**Sales Price: $33,750
Gross Profit: $13,750
Potential gross ROI: 68% ROI
Example based on 3 years build and hold
Construction Price: $99,000
Total cost including land : $119,000
Average historical sales price: US$220,000
Discount: 45.9%
Gross Profit if sold at 75% of peak price: $46,000
Expected net rental yield if tenanted: 7% PA
Total ROI if sold at 75% of peak prices: 59.7%
Total ROI includes three years rental income and gross profit if sold at 75% of average peak pricing.
For more information and to download our investment guide please enquire now.
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