Just Property was just Leased in March of 2022 for $1150 a month. The tenant moved out and we needed to do an update for $3750.
The property was in great condition and we had not done a lot to this property since we purchased it for $89,000 with rehab in Dec 2021. This client received $9311 in net proceeds in rent. The lease amount was $1150 a month.
Fast forward today and this property was just leased out for $1350 a month. That is a $2400 a year or $200 a month increase for the previous lease amount.
Bedford Ohio is also an Appreciation in this area and prices continue to rise..... Equity creates wealth for the future.
This is the way we pick our real estate for our clients. Areas that are in high demand and affordable for just about every investor.
Need Real Estate Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me at the same number.
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Thank you