Development Pro Forma

Model project returns — profit, ROE, IRR, NPV, and equity multiple — for for-sale or rental residential development.

Revenue

Number of UnitsAvg Sale Price / Unit ($)Sales & Closing Costs (%)Realtor commissions, marketing, HST on commissions

Development Costs

Land Cost ($)Hard Construction Cost / Unit ($)Use the Cost Estimator for a calibrated figureSoft Costs (% of hard cost)Development Charges / Unit ($)Check the DC Explorer for your city

Financing & Timeline

Equity (% of total cost)Construction Loan Rate (%)Project Timeline (months)Discount Rate for NPV (%)Typical: 10–15% for residential development