Rental properties that get's 38% Returns

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This property was purchased in November 2019 for $47,500 and we had $15,000 in rehab for a total of $62,500  

We leased for $1100 in 31 days in November 2019 that tenant stayed in the home for 17 months.

The next lease was for $1,200 a month in June of 2021 in 7 Days. This tenant has been in the home for 48 months. 

The rent has been lifted on this property. 

Let's look at the net money deposited in this Clients account 

2019   $  1,012

2020   $  8,414

2021   $  5,321

2022   $  8,923

2023   $ 10,903

2024   $ 10,087

2025   $  7,283

Grand Total $51,943 Deposited in Clients Bank Account

Let's look at the approx returns on this property.

Approx Value $200,000 

$200,000 - $62,500 (Cost and Rehab) - $25,000 (value Add cost) =$112,500 Equity 

$112,500 + $51,943 = $164,443

That is 38% return 

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  Contact Brett 216-703-5740 Key Realty and Property Management Mega Million Dollar Producer and Award Winning Realtor 1200+ Properties and counting

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