VACANT LOT INVESTMENT ANALYSIS

Location Info:
3316 Thunderbird Road
City: Sebring, Florida 33875
Country: Highlands
Country: United States

State Info:
Population: 18+ Million
Population Projection: +10 Million more people in the next 21 years, because of the 80 Million baby boomers retiring over this time.

Country Info:
Country Name: Highlands
Population: 100,000
Population Rate (Annual): +2,250

Subdivision Info:
Name: Sebring Country Estates
Restrictions: Site Built Homes Only
Current Home Values: $159,000 - $225,000
Association: NONE

Lot Info:
Lot Size: 80' x 125' (.23 Acres)
Road Type: Paved

Utilities Info:
City Water, Electric, Cable, Telephone

Distance to Major Cities:
Orlando/Disney World: 86 Miles
Miami: 172 Miles
Tampa: 94 Miles
West Palm Beach: 121 Miles

Comparative Sales Info:
Average Sales Price at Height of Market in 2005:$39,000
Current Sales in are: $20,000-$25,000
Tax Basis Value (approx 80% of sales):$20,000

Price & Financing:
Liquidation Price: $14,900
Minimum Down Payment: 10%
Amount Financed: $13,410
Interest Rate: 9.5%
Monthly Payments (amortized 7 Years): $219.17
Annual Taxes: $416.28 paid by Buyer.
Annual Association Fees:$0
No Prepayment Penalty for early payoff.
Buyer pays their closing costs & title insurance.
Early Payoff Incentive (in 1yr): $250 principal reduction

Futer Value Estimates:
$27,000 to $32,000 within 5 to 7 years
$+12,100 minimum increase in value