$160,000 – $175,000 Mini-Development
Land: $218,000
Build: $672,000
Total Price: $890,000
Appraisal: $525,000 – $532,500 per side
Total Value: $1,050,000- $1,065,000
Equity: $160,000 – $175,000
Rental Appraisal: $340-$370pw per side
Gross Yield: 6.0% – 6.5%