My properties are all property managed so I get the monthly and annual statements from them.

Let's say the details are a 5%+ annual compounding appreciation in rents and property value is to be had....

But doing $700/month provides a 30-35% annual return on investment (down payment) even with some minor repairs.  

These days you can probably borrow for 2% annually, so about the same deal. 

The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.

Cash-on-cash return is a simplified calculation and translates across most properties and investorsI always keep track or mortgage paydown and annual tax savings separately from my cash-on-cash calculation.

Income to Price, Median Income, Median Rent, RTP, Annual Rent to Income, and Unemployment?  

Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.

There is a company out there right now paying 40% annualized and I know an investor who thinks its great, well yeah its great until you lose it all - as never in the history of mankind has a company been able to pay its investors 40% per year on a continuing basis.

A Surface Yield = Annual Rental Income / Property Price.