Click here for Before pictures
This property was purchased in March 2019 for $69,900 and we added approx $15,000 to update the home.
We leased the property in May of 2019 for $1050 a month. that Tenant stayed for approx 24 months. The Second tenant moved in after a $5,000 rehab on 9/01/21 for $1150.
Remember we have a 12 month warranty and you can renew for $715 a year $10 deductible.
The rent has been lifted to $1400 a month as of this blog post. Let's look at the numbers
Here is the deposits in this owner's account Net
2019 $ 4,000
2020 $ 8,000
2021 $ 4,800 (new tenant move in)
2022 $ 9,038
2023 $ 9,475
2024 $10,049
2025 $ 3,798 ( $2,800 repairs fridge and new heater)
Total $45,560 Deposited in this Client's Account.
Let's look the value which as of 7/23/25 is $170,000
The return looks like this
$170,000 (current value) - $25,000 (Value add) + $45,560 (Lease deposits) = $190,560
That is a 38% return
Let's Talk
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/
Go to https://www.clevelandincomerealestate.com/ for my Blog
DIY Property Management https://www.ohiopmservice.com/
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Thank you