No Battle with Passive Income with this Type of Real Estate

 

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This property has been leased September 2022 @ $1400 a month and has only been leased to one tenant for the last 33 months. The lease has been lifted during this tenant's stay.

We leased this property in under 30 days. Oct 2022

This Tenant has been in this home for 33 Months and that means great income! No rehab No Vacancies 100% leased!

We paid $145,000 for this property and added appox $5,000 to rehab. Making the grand total $150,000.

Let's look at the Income we deposited in this owner's account. After maintenance, property management and property tax.

2022 $ 3,260

2023 $10,994

2024  $10,410

2025 $ 6,646

Total Deposit in Clients Account

$31,310

Approx value today $225,000 ($25,000 Value add needed)

Let's look at the numbers

$225,000 (Approx Worth) - $25,000 (value add) - $150,000 (Purchase and rehab)=

$50,000 Equity.

$50,000 (Equity) + $31,310 (Deposited Rent Proceeds) = $81,310 profit

That is a 18% return on this property so far.......

Great Locations and Professionals around you create a better investment and long term Tenants Need this kind of real estate in your portfolio?

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/

Go to https://www.clevelandincomerealestate.com/ for my Blog