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3111 Silver Lake Road: <br /> Purchase Price = $42,800 <br /> Current Market Value $ 40,000.00 <br /> Taxes '94 $ 546.00 <br /> Redeveloped Market Value $125,000.00 <br /> Taxes after redevelopment $ 2,431.00 <br /> Increase is annual taxes collected $ 1,885.00 <br /> Years to pay back: <br /> Purchase Price $ 42,800.00 <br /> Incedentials $ 29000.00 <br /> Less: <br /> Sale of lot ($ 30,000.00 <br /> Net Costs $ 14,800.00 <br /> Years to Pay back 7 3/4 years <br /> i <br />