Form 50-143 - Rendition Of Residential Real Property Inventory Page 4
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4P r o p e r t y T a x
R e n d i t i o n o f R e s i d e n t i a l R e a l P r o p e r t y I n v e n t o r y
Form 50-143
Optional: Information About Your Estimate of This Inventory’s Value
Cost: If you based your inventory value estimate on
Income: If you based your inventory value on your
income from selling the properties over time, please
cost, please complete this schedule or attach docu-
complete this schedule and attach documentation for
mentation for your estimate.
your calculations:
Land cost:
Number of properties in
inventory_____________________
Total number of lots/acres in this schedule:
_____________
(circle) lot acre
______________________________
Projected annual gross income from sales
______________
Purchased for $
per lot/acre
____________________
Projected time to sell inventory
Date purchased (attach schedule if properties were pur-
Please attach a timetable if you don’t expect to sell the
chased on more than one date)
______________________
same number of units
_______________________________
each year
months
_____________
Site improvement costs $
per lot/acre
________________
Projected selling price change + or –
% per year
________
Other development costs $
per lot/acre
________________
Building cost (total for all improvements listed):
Projected annual expenses
Interim financing
Materials
_________________________
_________________________
Tax
_________________________
Labor
_________________________
Insurance
_________________________
Architectural design
_________________________
Marketing
_________________________
Filing and permit expense
_________________________
Payment of points
_________________________
Title expense
_________________________
Other expenses (specify)
_________________________
Advertising/Promotion
_________________________
_______________________________________________
Security
_________________________
_______________________________________________
Insurance
_________________________
_______________________________________________
Financing cost
_________________________
_______________________________________________
Tax
_______________________________________________
_________________________
Other (specify)
_________________________
Projected profit as a percentage of annual gross income
_______________________________________________
_______________________________________________
________________________________________
_______________________________________________
Discount rate used to project value
___________________
_______________________________________________
_______________________________________________
Total inventory value:
_____________________________
Total inventory cost:
_____________________________
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Page 4 • 50-143 • 02-12/7
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