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Project 2

Project 2

$62,000 purchase
Value $115,000
Initial repairs $12,000
Rent $1,172 and $14,064 for the whole year
6 % vacancy rate 844.00
$953 tax
No hoa
Insurance $750
Repair escrow $600

$10,917 net profit a year

10.5 percent cap rate with rental income excluding sales profit

R.O.I. 70% if sold in one year

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