Numbers Matter when it comes to Money: Check out this Clients Net
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This property was purchased in October 2023 for $120,000 and we added $22,000 in upgrades.
The property was leased in Dec 2023 for $1500 a month and has had only 1 tenant for the last 17 months. Great Tenant and the lease amount has been lifted 1 time.
Let's look at the net proceeds deposited in this client's account.
2024 $8,248
2023 $2,815 (Since April 2024)
Total Deposited $ 11,063
Let's look at the returns so far for this client
The approx value with $25,000 to enhance the value would be approx $225,000
Let's look at the approx returns so far on this home.
$225,000 - $142,000 (purchase and Rehab) - $25,000 Updates = $58,000 equity Position
The approx return so far is $58,000 + $11,063= $69,063 in 17 months
That would make the approx return @ 48% so far
Need Real Estate that produces Contact Brett 216-703-5740 Key Realty and Property Management
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 PMOhio.org
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