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Hi greenjoy, Gross Development profit is: (for example) Total Development Cost (TDC) = $3,000,000 Total Development revenue (TDR) = $3,650,000 Gross Development Profit = TDR - TDC , (3.65m - 3m) Gross Profit = 650k Gross Profit Margin is then, Gross Profit over TDC...

No I just like buying sites and hoping for the best :D

OK so assuming your numbers are at least somewhat accurate: Land: 800k 1.7m total construction cost 2.8m potential end sales. Gorss Margin is 500k or, 20%. Not too bad, assuming the numbers are decent. With regards to "We have no projected sales. We will build and hold". End...

If your total cost lets say is 1.7m, What is your total projected sales? Getting 750k for one is a much different scenario than for two so im confused (yes Im not the quickest cat here). So please just tell me a figure for your end sales. cheers

So nearby ones sold for 700k for two of them . So 350k each , how do you get yours to be 750k each then....am I missing something ? Unless you meant nearby sold for 720k each ?

Hi Wylie , The obvious concern for me first would be your calculated TDC and then your projected end sales amount...the return %age margin on costs appears to be very low. I'd want to make sure that the project is financially viable before you jump in mate. Good luck !