Click here for Before Pictures
We purchased this property in November of 2019 for $90,000 and we added $10,000 for a total of $100,000.
The property was leased in January 2019 for $1250 a month in 11 days. That tenant stayed for 12 Months. The property was leased again for $1300 a month in March 2022. This tenant has been in the home for 29 months. The rent has also been lifted during this tenant's stay.
They pay the property Taxes, Maintenance and they pay property management fee. It is all deducted before we send the bank deposit.
Let's look at the money deposited in this owners bank account
2020 $11,807
2021 $11,185
2022 $ 4,700
2023 $10,674
2024 $ 9,301
2025 $ 4,561
Total $52,228 Total net Deposited in Clients Account
Let's look at the Approx value $185,000
$185,000 (Approx worth) - $100,000 (cost) - $25,000 (value add rehab) + $52,228 (net rent deposited ub clients account) = $112,228 profit so far.
That is a 21% return on this property.
Need this kind of income property:
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
.png)
.png)
.png)
.png)
.jpeg)
0 Comments
Thank you