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This property was purchased for $95,000 in July 2022 and needed $12,000 for a grand total of $107,000.
This property has had only 1 tenant for the last 32 Months and the lease has been lifted during that time period. The starting rent was $1300 a month.
Let's look at the current approx numbers on this property. We only show what we deposited in the owner's account. Let's take a look!
Net money Deposited in this client's account.
2022 $ 3,984
2023 $12,489
2024 $12,157
2025 $ 2,159
Net deposited in this owner's Account
$30,789
The current Approx Value $180,000
Let's look at the total return so far.
$107,000 (cost) + $20,000 update to sell = $127,000
$180,000 (Approx Value) - $127,000 = $53,000 Equity
$53,000 + $30,789 = $83,789 Approx profit
That's a 22% return and that also takes into consideration the $20,000 update
Mega Million Dollar Producer and Award Winning Realtor 1200+ Properties and counting Contact Brett 216-703-5740 Key Realty and Property Management Go to https://realincomeproperties.blogspot.com/ to view what our clients make with our real estate Need Property Management? Go to https://pmohio.org/
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Thank you