Land Cost: $365,000
Build Cost: $524,000
Total Development Cost: $889,000
Written Appraisals: $550,000-$570,000 per side. $1.1-$1.14 million
Instant Equity: $211,000-$251,000
Return on Cost: 24.8% to 28.2%
Rental Yield: 5.5 to 5.8%.
After Tax Cash Flow: $6,583 in year 1