$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%