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LLC projected income and expenses: Owner expenses are: capital <br /> improvements, taxes, accounting services, legal fees, Lolia Place Neighborhood shared <br /> expenses (paved road, gates, fencing, etc.) at approximately $1000/annually. (current <br /> taxes are $3504.28 for 2021). At $200,000 in gross rental income annually from HER <br /> ($16,666/month) and with annual expenses of$20,000, the net LLC revenue for that <br /> year would be $180,000 and an ROI of 9% annually. <br /> Phase 1 Construction Complete 2022 <br /> 8 acre lot raw land at Lolia Place current market rate 400,000 <br /> Lolia Place Comps: TMK 3-1-3-2-136 sold for$185,000 in 2021 (3 acres with <br /> no improvements), TMK 3-1-3-2-143 (2 acres uncleared lot) sold for$201,000 <br /> in 2023. <br /> Buildings and Infrastructure <br /> 2400 sq.ft. Multi-purpose building with wooden dance floor at $100/sq. ft. 240,000 <br /> 2400 sq. ft. kitchen, bathrooms, dining lanai, serving lanai at $150/sq. ft. 360,000 <br /> 2250 sq. ft. 75x30 garage/carport/utility building at $150/sq. ft. 337,500 <br /> 300 sq. ft. Utility building/pumphouse at $150/sq. ft. 45,000 <br /> Water Catchment tanks installed by Island Catchment (19,000 and <br /> 32,000 gallon tanks) 30,000 <br /> 20 kW solar system including 72 panels, 2 inverters, 15 new Lithium <br /> battery bank, 17 kW diesel generator, trenching and utility lines 250,000 <br /> 600 sq. ft. Bathhouse at $120/sq. ft. 72,000 <br /> two 2-story buildings with 16 rooms 3072 sq. ft at $120/sq. ft. 370,000 <br />