Look at What Good Tenants Make You—and Leave You

 

 

​Click here for Before Pictures 

Click here for After Pictures 

We Paid $​100,000 for this home in ​​April 2022 and had $​12,875 in Rehab for a total of $​112,875. Let's look at the approx. income on this property​. We started construction in December 2020 as per clients 

​We have had one tenant since we leased it March 2022 in 16 days for $1250 a month.  

​The lease has been lifted during the years. Let's look at the Approx Numbers for income on this home. 

2022 $ 4,585

2023 $ 9,301

2024 $10,807

2025 $10,271

Total $34,964 Deposited in clients bank account

The tenant moved out because of job relocation and the property needed $500 to get back on the market. Check out the video below to see how nice it was when the tenant moved out. 

The Approx worth with a $25,000 value add is $190,000.

Let's look at the approx returns 

190,000 (approx worth) - $25,000 value add - $112,875 (cost of home and rehab) + $34,964 ( Net rental income) = $86,819 Approx profit so far

That is a 22% return so far 

Don't do Real Estate Alone

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/

Go to https://www.cashflowrealtygroup.com/ to see how we finish homes

List Your Home @ https://listcleveland.com/.