You have a $55$ lot subdivision$-$the raw land cost $$1,700,000$ and you spend another $$400,000$ bringing roads, sewer, city water, electricity to it $($site costs$).$

This will be an working class neighborhood for the anticipated influx of people coming to the area as a result of a new Amazon distribution center $($low cost$).$  Houses will be low cost based on the template figures on the right side. $1,000$ SF garage$/$shop space under $2,200$ SF of finished space.

The builder's mark up is $3\%,$ he is just trying to keep his crew employed $($developer and builder are different parties in this case which is not uncommon$).$ 

Developer has own brokerage services and so selling costs are in$-$house and only cost $2\%.$

Developer has a slumping market and is marking things up $3\%--$what does he make on the project?