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Miles off.
A really good 1990 964 is just about back to what they were new now - £50k. So in 9 years time your car should be close to its new price, which I'd guess was £60k or so.
Where this goes a bit wrong is yours being a cab. A new 964 cab was £10k more than a coupe and is now £10k less. But even so, you'll be fine, hang on in there.
Yep. Good idea. There are a few potential issues to Google up on including popping out of 2nd and IMS bearings, but avoid those and they're an amazing car for £8k.
There is no such thing as a £5k one though. The ones that are £5k are £8k ones that need £2k spending.
As @danstuff says, @Dammit is just being a bit silly.