1. My real estate dream is to pay $485,000 for a house (all in cash) on Day During the course of the following year, I will put $75,000 of improvements into the house. Each of the three years thereafter, I expect to collect rents of $75,000 on the house. Finally, at the conclusion of the three years during which Im collecting rents, I expect to sell the house for $600,000. At 4.75% interest, what will my net present value of this investment be?