Click here to view Before Pictures
Click here to view After Pictures
This property was purchased in 2019 and has had only 2 tenants. The current tenant has been in this property for almost 4 years. Again saving this client a lot of money in rehabbing.
The home was purchased for $60,000 and we added approx $10,000 for a grand total of $70,000.
The property started at $1250 a month and has been lifted over the 4 years
Let's look at the apprx numbers deposited in this clients bank account
2019 $ 6,218
2020 $ 9,040
2021 $ 4,864 (tenant moved out)
2022 $ 9,038
2023 $ 9,475
2024 $ 10,049
2025 $ 5,141
Approx Total Net deposited in theis clients account $53,825
This home would is worth approx $175,000 with $25,000 Updates
175,000- $70,000 (cost of home and rehab - $25,000 need for update $80,000 Equity
$80,000 + $53,825 = $133,825 Profit so far
That is a Solid 33% return on this home.
Contact Brett 216-703-5740 Key Realty and Property Management
Mega Million Dollar Producer and Award Winning Realtor
1200+ Properties and counting
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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