This property was purchased in March 2022 for $90,500 and the rehab was $10.500 on this property for a total of $101,000.
This home was leased on May 1st 2022 for $1350 a month the rent has been lifted 2 times since.
Only one tenant has lived in this property for the last 37 months. Let's look at the net income that we have deposited in this client's bank account.
2022 $ 8,716
2023 $ 13,510
2024 $ 11,367
2025 $ 5,314
Net deposit $38,908
Let's look at the Approximate Value of this home. $190,000
Let's look at the return on this one
Approx worth $190,000 - $101,000(Cost and rehab initially) - $25,000 (Approx Updates Needed) = leaves a $64,000 Equity Position
$64,000 (Equity) + $38,908 (net lease deposited in owners account) = $102,908
That is a 38% return So far!
We have a 99.5% Success rate! Better Property Management and NO MORE SLEEPLESS NIGHTS
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
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Thank you