Lloyd Dr. Napa California
Napa, California’s housing inventory is extremely low while demand high. Home prices continue to rise because of people moving to the area or buying 2nd homes in this hotbed of California wine tourism. We have a unique opportunity to build in the Napa City Limits on a sub-dividable vacant lot.
The Lloyd Drive project is nestled in a beautiful, well established neighborhood in North Napa with excellent home values. Our parcel of land is 1.07 acres. We intend to develop the land and prepare it for 6 new homes on individual lots. The proposed lots will each be roughly 6000 square feet. Our cost per finished lot will be approximately $200,000. Napa Valley lots typically sell for 50% more than this, if they can be found at all. This private cul de sac will feature 3 different floor plans.
The Internal Rate of return for this project will be approximately 25% for this 12 month project.
Projected IRR: 20%
Projected ROI: 30%
Time Frame: 1.5 Years