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North Florida Affordable Housing Invest in an Immediate Equity, Wealth Building Affordable Home 5,700% ROI!!! Own Your Rent Ready North Florida Single Family Home & Watch Your Wealth Grow (2 Year ROI*) Down Payment: $1,500 Positive Cash Flow: $13,200 (based on $1100/month rent) Immediate Equity: $22k (based off of appraised value) Asset Appreciation: $32,500 (based on 14% per year) Total 2 Year Return: 13,200k + 22,000k + 9,600 = $67,700 Cash on –Cash = 4,500% Investor Opportunity Instantaneous Equity Positive Cash Flow 1 Year Vacant Developer Leaseback Limited supply of affordable housing 72% projected gain in home prices in the next 5 years Investor Incentives Builder Pays All Closing Costs Construction interest paid by builder $0 carrying costs during construction for over 20 months (8 months construction and1st year developer leaseback) Rent ready single family homes in sunny North Florida where demand of affordable housing outweighs supply Where in North Florida? Why Panama City and It’s Surrounding Areas? CNN Money named Panama City Beach and its surrounding areas as the # 1 real estate spot in US!” Designation was given in 2005 and again in 2006. Panama City was recently ranked the #1 city for where to buy now. "Panama City is an economy waiting to break out," says Steven Cochrane, chief regional economist for Moody's Economy.com. Other factors increasing demand: • Property prices are still low by Florida standards, • the local market has already absorbed a price correction after peaking last year 72% Projected gain in home prices (5-year)* *Source CNN MONEY Top 10 cities: Where to buy now The real estate slump could get worse before it gets better. Business 2.0 Magazine, in its November 2006 issue, identifies 10 markets that offer great opportunities for those who have the patience to buy and hold. 1. Panama City, FL 72% Projected gain in home prices (5-year)* Median home price 2006: $223,000 2011: $383,000 Population 2006: 166,000 2011: 187,000 Per capita income 2006: $31,000 2011: $40,200 A small city needs one of two things to jack up housing demand: more people or wealthier people. Unlike the rest of Florida, Panama City hasn't really attracted either, mainly because it's isolated on Florida's panhandle. The interstate highway system bypasses it, and the runway at the local airport isn't long enough to support anything beyond regional jets. But now Panama City is poised to host big airliners, more visitors - and a lot more buyers. State and local governments and a top regional developer, St. Joe Co., are planning to build a new airport by 2008 at a cost of more than $300 million. Locals expect the new facility to open up the region the way Southwest Florida International Airport in Fort Myers helped drive a housing boom along Florida's southwestern coast in the 1980s. "Panama City is an economy waiting to break out," says Steven Cochrane, chief regional economist for Moody's Economy.com. Other factors increasing demand: Property prices are still low by Florida standards, and the local market has already absorbed a price correction after peaking last year. Janet Roan, a Century 21 agent in Panama City, notes that two-bedroom beachfront condos are going for as little as $330,000 down by more than $100,000 from 2005. Area Information The New Tri-County Panama City International Airport State and local governments and a top regional developer, St. Joe Co., are planning to build a new airport by 2008 at a cost of more than $300 million. Locals expect the new facility to open up the region the way Southwest Florida International Airport in Fort Myers helped drive a housing boom along Florida's southwestern coast in the 1980s. First International Airport already approved by the FAA within 20-30 minutes from Sunny Hills & Compass Lakes St. Joe’s also owns thousands of acres of land surrounding the airport site, prime for future development. St. Joe’s developments are upscale, high-end communities, catering to retirees and professionals. Area Information Two Attractions Planned within 30 minutes!!! WILD KINGDOM PARK & MUSIC PARK In May of 2006 Mutual of Omaha Insurance spokesperson Jim Fowler, known for his television series Wild Kingdom, announced the development of an animal theme park located 30 minutes from Sunny Hills & Compass Lakes The park will have an exceptional educational wildlife adventure center that will set new standards for attractions that present both native and exotic species of animals and nature to the public. Visitors will be transported in specially made vehicles to take them on a safari trek to observe animals in their natural state - free roaming. Three times the size of Disney’s animal Kingdom and more than 30 times bigger than the zoo in Montgomery Projected to pump MILLIONS of dollars into the areas economy. Scheduled to open in spring 2008. Area Information National Recreation Properties (NRPI) Largest land marketing company in the US Already has 4 sites selling projects in: Hot Springs, AR Leigh High Acres, FL North Port, FL Palm Bay, FL NRPI has already allocated $1.5 million marketing dollars for their Sunny Hills project which is expected to open up in late 2007. The infomercial & photo ops with Eric Estrada were completed by the NRPI in December 2006. Area Information Tyndall National Air Force Base Located at a distance of one mile southeast from Panama City, Bay County, Florida, Tyndall Air Force Base (TAFB) spreads over 28,823 acres. The construction of the air force base started in 1941, Taking its name from Lt. Frank B. Tyndall, a World War I hero killed in 1930. Today the air base has the mission to train F-15 Fighter pilots and weapons system controllers, and for this reason it is attended by many foreign students. The Air Force Research Laboratory’s Materials and Manufacturing Directorate and the Air Force’s Air Battle Managers have facilities at this base. Moreover, Tyndall has reached the 325th Fighter Wing training course of F-15 and F-22 pilots. According to the census of 2000, 2,757 people and 653 families resided in the base. The Affordable Home Developments -- Sunny Hills Sunny Hills A Deed Restricted Community 20,000 entitled lots in Master Planned Subdivision Subdivided Buildable Lots, minimum ¼ acre lots, average size is 80’x 130’ Located just outside the Sunny Hills Golf & Country Club which features: 18,000 Acres with spring-fed lakes Professional course with 27 holes of golf Green fees in Sunny Hills are $26$34.50 per game Other nearest golf course is in Panama City Beach (30 miles away) Surrounding area golf fee costs are $65-$100 Sunny Hills ONLY development already completed which can readily sustain the anticipated area growth. All new development will take from 3 to 5 years to gain DRI approval (DRI) Developmental Regional Impact Study Sunny Hills development is grandfathered into the county an approved DRI because it was approved in late 1970s. Our Builder Model Beacon Hill Model Specs: 3 Bedroom 2 Bath 2-Car Garage 1560 Living Square Feet Investment Overview Sunny Hills- Panama City 2 Year ROI Typical Lot $ Typical Model Price $ Net Home Price $ **Closing Cost on Loan$ Construction Interest $ Total Purchase Price $ Total Loan Amount $ Appraised Value $ Total out of pocket $ 15,000 142,000 157,000 10,000 6,000 173,000 173,000 195,000 (10% built in equity!) 1,500 (could be as low as $850) Approximate Equity at Closing Annual 2 yr Appreciation if @ 8% Positive Cash Flow During Yr 1 Total 2 year return Cash on Cash Return $ $ $ $ 22,000 32,500 13,200 67,700 4500% Why Affordable Housing? With significant growth forecast for North Florida, local economists believe the affordable housing market represents an excellent arena to place investment dollars for the next 5 to 7 years. Investing in the affordable housing market at this time, will allow your investment dollars go to work at the beginning of a tremendous growth cycle for this industry 1 Year Developer Leaseback NO PAYMENTS till 2009! Total out of pocket money to purchase is only $1,500 Built in equity is 10%+ of sales price Build time is 3-5 months (no out of pocket money during this time) 1st year leaseback covers all P.I.T.I. (principle, interest, taxes and insurance) Vacant Developer Leaseback You can work w/ our property management firm to rent out your property for PURE POSITIVE CASH FLOW ($1100 per month) THE TIME IS NOW TO BUILD YOUR PERSONAL NET WEALTH! Factors Mitigating Risk Instant Equity of 10%+ 14% Projected Appreciation 1 Year Developer Leaseback How To Reserve This Opportunity 1. Contact the Preferred Lender to get pre-qualified 2. An agent from CIG will contact you to select Your Specially Priced Lot 3. Developer will provide contract within 3-5 business days 4. Prepare to be a proud owner of an Affordable Home in North Florida To Purchase or For More Information: CALL ONE OF OUR INVESTMENT SPECIALIST TODAY!!!!! Local 239-278-0028 Toll free (866)720-1200 www.thecozzteam.com Panama City, FL DISCLOSURE AS WITH ANY REAL ESTATE OWNERSHIP, PRECONSTRUCTION PURCHASES INVOLVE A SIGNIFICANT DEGREE OF RISK OF LOSS. REAL ESTATE BY ITS NATURE IS ILLIQUID. RESLUTS OF ANY REAL ESTATE INVESTMENT MAY BE AFFECTED BY CHANGES IN MARKET AND ECONOMIC CONDITIONS. REAL ESTATE VALUES, NEW HOME CONSTRUCTION COSTS, AND MORTGAGE RATES AND COSTS, ARE SUBJECT TO INCREASE AND DECREASE OVER TIME, AND THE PRICES, TERMS, CONDITIONS, AVAILABILITY AND RESULTS RELATING TO THIS OPPORTUNITY CANNOT BE ASSURED, AND ARE SUBJECT TO CHANGE ATANY TIME WITHOUT NOTICE. COZZA INVESTMENT GROUP, INC. OFFERS INFORMATION ABOUT THIRD PARTY SERVICES WHICH WE BELIEVE CAN BE HELPFUL TO BUYERS IN RELATION TO THE OPPORTUNITY DESCRIBED IN THIS PACKAGE AS A COURTESY. ANY RELATIONSHIP FORMED FOR SUCH SERVICES WILL BE SOLELY BETWEEN THE BUYER AND THE THIRD PARTY PROVIDER, AND COZZA INVESTMENT GROUP,INC WILL NOT BE LIABLE FOR ANY LOSSES, CLAIMS OR DAMAGES ARISING OUT OF OR RELATED TO ANYSUCH RELATION. A BUYER IS ENTITLED TO OBTAIN A LOT OR LOTS, NEW HOME CONSTRUCTION, MORTGAGE FINANCING, AND ANY OTHER SERVICE OR RESOURCE, FOR USE IN THIS OPPORTUNITY THROUGH ANY SOURCE WHICH THE BUYER MAY CHOOSE. CERTAIN SERVICES MAY BE OFFERED THOUGHAFFILIATES OF COZZA INVESTMENT GROUP, INC., AND/OR SOME OF ITS AGENTS, AND COZZA INVESTMENT GROUP, INC., AND/OR ANY SUCH AGENTS, MAY RECEIVE PAYMENTS OR CONSIDERATION THEREFORE WITHOUT SPECIFIC DISCLOSURE TO A BUYER. NO REPRESENTATION OR WARRANTY IS GIVEN BY COZZA INVESTMENT GROUP, INC. FOR ANY SERVICE OR PROPERTY WHICH MAY BE PROVIDEDBY ANY OTHER PERSON OR ENTITY, WHETHER OR NOT AFFILIATED IN ANY MANNER WITH COZZA INVESTMENT GROUP, INC., EACH SUCH PERSON OR ENTITY BEING SOLELY RESPONSIBLE FOR THEIR ORITS OWN ACTS AND OMISSIONS. COZZA INVESTMENT GROUP, INC., AND ITS AGENTS ARE LICENSED REALESTATE BROKERS IN THE STATE OF FLORIDA, AND MAY BE PAID COMMISSION RELATED TO SOME OR ALLOF THE TRANSACTIONS RALTED TO THIS OPPORTUNITY IN THEIR CAPACITYAS TRANSACTION BROKERS.