Real Numbers! No Endless Real Estate Guru cost. look at this

 

                           

                              

                                                            Click here for Before Pictures 

Click here for After Pictures  

We Paid $99,000 for this home in Nov 2021 and had $5,575 in Rehab for a total of $104,575. Let's look at the approx. income on this property. 

This property has had only one tenant since Dec 2021. So, the tenant has been in this home for 46 Months

The lease Started as $1200 a month in 2021 and has been lifted only to $1250 a month. The tenant was on a fixed income and the owner wanted to keep them. The owner wanted more money monthly so there will be a new tenant soon.

The new rent will be Approx $1550 a month. 

Let's look at the Net Rent deposited in owners bank account so far 

2022. $.  8,723

2023  $.  9,286

2024. $ 8,066

2025  $. 5,267

Total Amount Deposited in owners account $31,342. 

This property approx value $170,000 after $25,00 Value Add

Let's look at the approx return on this property 

$170,000 (worth) - $25,000 (Value Add) - $104,575 (cost of home and rehab) + $31,342 = $71,767

This property has a 17% return so far. 

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/

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