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TABLE 8 <br /> <br />ILLUSTRATIVE DEVELOPMENT AND HOUSING COSTS <br /> SINGLE FAMILY AND DUPLEX SALES UNITS <br /> CITY OF SANTA ANA 1981 <br /> <br />Land <br /> <br />Unit Construction Costs <br /> @ $42/SF <br /> <br />Indirect Costs @ 15% Const., <br /> incl. $1200+/-/du local fees <br /> <br />Subtotal Above Costs <br /> <br />Financing Costsl) <br /> Construction Loan Fee @ 2% <br /> Interest (Loan x % x 9 mos. x 50%)2) <br /> Subtotal Financing Costs <br /> <br /> Subtotal Development Costs <br />Profit @ 10% Retail <br />Sales Price <br /> <br />1400 SF 1000 SF <br />SFD on Duplex Unit on <br />6000 SF Lot 6000 SF Lot <br /> <br />$ 35,000 $ 20,000 <br />58,800 42,000 <br /> <br />8,820 6,300 <br />$ 102,620 $ 68,300 <br /> <br />1,370 970 <br />4,375 2,875 <br />$' 5,745 $~ <br /> <br /> $108,365 $ 72,145 <br /> $ 12,040 $ 8,015 <br /> $120,405 $ 80,160 <br /> <br />l) Assumes construction interest @ 17%, 2 point loan fee; <br /> Assumes loan amount equals development costs less land, less financing <br /> costs. <br />2) Assumes construction period of 9 months; 50% loan amount drawn at any <br /> one time. <br /> <br />14 <br /> <br /> <br />