INC WSIO NARY ZONING ANALYSIS 2 0
Table 8. 10-Unit Ownership Development
Inclusionary 80%
Inclusionary AMI W/ Adjusted
No Inclusionary | 80% AMI W/ | Land Value and
Adjusted Land | Adjusted Land | Bonus Market
No Inclusionary | Value Value Units
Location Suburban Suburban Suburban Suburban
Unit Style Single Family Single Family Single Family Single Family
Unit Type Owner Owner Owner Owner
Construction Type Fee Simple Fee Simple Fee Simple Fee Simple
Construction Cost $165 $165 $165 $165
Number of Units 10 10 10 "1
Market Rate Units 10 10 9 10
Affordable Units oO 0 1 1
Parking Surface Surface Surface Surface
Special Permit No No No No
Inclusionary % 0% 0% 10% 10%
Inclusionary Treatment No Inclusionary | No Inclusionary Proposed Proposed
Inclusionary Units O 0 1 1
Payment in Lieu so so so so
AMI Split 0 O 80% 80%
IRR 42.80% 20.01% 1.84% 21.62%
NPV $228,295 $127 ($191,545) $18,017
All costs $4,665,797 $4,915,502 $4,915,502 $5,177,723
Land cost $650,000 $899,705 $899,705 $899,705
Land cost per unit $65,000 $89,971 $89,971 $84,559
Average cost per unit (inclusive of land) $466,580 $491,550 $491,550 $486,628
Hard cost construction (exclusive of land) | $401,580 $401,580 $401,580 $402,069
Return on Cost (ROC) 15.52% 9.65% 4.97% 10.07%
