Les Coteaux-Residential Plot
Total Estimated Pofit: $90,000
Cash on Cash Return: 29%
Cap rate: 0.9%
The property offers instant equity as it was appraised at $350,000 but is being sold at an asking price of $280,000.
While the potential rental income during the holding period may be relatively low given the location of this parcel of land, the potential for significant profits upon resale is high.