Birch Lane Townhomes - Underwriting Model.xlsx

Underwriting Model · filed May 15, 2025 · deal: Birch Lane Townhomes
Tab: Summary
Summary
Business planBuild 48 for-rent townhomes; hold after lease-upGoal
ZoningRS-8, townhomes permitted by rightPrimary Use or Zoning use
Tab: Returns
Returns
Levered IRR19.6%Expected IRR - Hold
Equity multiple2.66xExpected Equity Multiple - Hold
Hold period6 years (exit 2031)Expected Hold
Tab: Budget
Budget
Entitlement and site-plan costs$185,000Expected total cost of approval
Land value with site plan approval$2,950,000Value of land after approval
On file

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Answers: UW

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