📊 Income Property Case Study
Cleveland, Ohio
Purchase Date: March 2024
Purchase Price: $85,000
Rehab Investment: $19,874
Total Initial Investment: $100,400
Bedrooms: 2 Bathroom 1 Garage 2 Sq Footage 648
🏠 Leasing Performance
Leased: October Days on Market: 64 days
Original Rent: $1,300/month
Tenant: Original Tenant 29 Months
Vacancy: None
New Rent (2026): $1,350/month 📈
💰 Net Rents Deposited to Owner
(After expenses)
2024: $ 2,212
2025: $11,748
2026 (YTD): $1,370
👉 Total Net Deposits in owners Account: $15,330
📈 Equity Position
Approx Value After Adding Bath + Updates: $140,000
Additional Updates Budgeted: $8,000
🧮 Profit Breakdown
Equity: $27,600
Plus Net Rents: + $15,330
Closing Cost - $5,000
Minus Purchase + Rehab: – $100,400
Minus Updates: – $8,000
✅ Approx Total Profit: $41,930 So far
🔥 Return Summary
Approx ROI: 17%
Low vacancy
Stable long-term tenant
Minimal maintenance
Strong rent growth
Let’s Talk
Brett Young
📞 (216) 703-5740
Key Realty & Property Management
Mega Million Dollar Producer
🏆 Award Winning Realtor
🏠 1200+ Properties and Counting
🔗 See what our clients earn:
https://realincomeproperties.blogspot.com/
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Thank you