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Project 3

Project 3

$60,000 initial cost
$10,000 repairs
Current value $120,000
Rent $1,220 and  $14,640 per year
Taxes $1,600
Insurance $900
Hoa 50 per month
$600 for repairs
$10,940 net profit a year

9.1 percent cap rate with rental income excluding sales profit

R.O.I. 65 % if sold in 1 year

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