This property was purchased in July 2022 and was a really beat up property. It took approx 60 days to update but we got it at a great price $90,000.
After completion we leased this property for $1300 in Oct 2022 Let's look at the approx numbers on this property
Rent $1300 Tax $141 Insurance $60 Property Management $125 Net $974
Leased for 15 months $14,610 net
There is also approx $30,000 Equity in this property
We purchased Rehabbed. Lease and Manage this property.
Do the numbers and this property has great returns and mirrors almost all our other results.
Need professionals doing all the hard work for your property and get results doing it?
Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me on the same number
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Thank you