Buying real estate correctly and with the right professionals creates more money for a property. These two properties are just an example of the many homes we do and how our system creates more income.
The first property is 15815 Eleanore in Kamms Korner a nice area near Lakewood Ohio. This is a 3 bed 1 bath 1 car garage home. The owner has let us update the home to get higher rents.
In 2020 the rent started at $1200 a month fast forward to 2025 and we just leased it for $1550 a month. That is a $350 a month increase or $4,200 more in gross rent! The rents have been lifted over the years also.
That is a 33% increase in rent because the property is in a great location and attracts good paying long term tenants.
The Equity is built to over approx $100,000. That all Adds up to a great property and well managed one also.
The next property is on 311 Columbus in Bedford Ohio that we purchased in 2020. This property started at $950 a month in 2019.
We just leased that property for $1600 a month after a renovation and a value add. That is $650 a month or $7,800 more in gross rent!
Great location attracts great tenants and it has seen a 40% increase on the rents!
This property has $70,000+ Equity with the Value add we did to this property.
Getting a good Deal is one thing...getting a property that appreciates in both rent and value creates wealth .
Let's Talk
Contact Brett Young (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/
.png)
.png)
.png)
.png)
.png)
.png)
0 Comments
Thank you