This is another great example of keeping income real estate simple: set realistic expectations, do the work, and deliver the results.
At 13117 Wilton in Cleveland, Ohio, we updated the property and added an additional bathroom to help improve both the rental appeal and long-term value.
Before the project was completed, we projected the property would rent for $1,650 per month.
That is exactly what we achieved: $1,650 per month.
The Income Numbers
Monthly Rent: $1,650
Property Taxes: $179
Insurance: $60
Property Management: $125
Estimated Net Income: $1,286 per month
Estimated Annual Net Income: $15,432
These numbers are before other potential ownership expenses such as maintenance, vacancy, capital expenditures, financing, and income taxes.
Property Updates
We completed several improvements to help make this property attractive to tenants and position it for long-term income production, including:
- New flooring
- Additional/new bathroom
- New interior paint
- New exterior paint
- Additional repairs and improvements as needed
Just as important, we gave our client a reasonable quote for the work—and we stayed with the quote.
The goal wasn't to over-improve the property or spend unnecessary money. The goal was to make smart improvements that support rental income, tenant demand, and the property's overall value.
Income Today. Equity for Tomorrow.
This property should provide our client with a strong income-producing asset while also creating a good equity position.
That's what professional income real estate should look like.
No hype. No unrealistic promises. No guessing.
We show our clients the property, the work, the numbers, and the results.
Projected Rent: $1,650.
Actual Rent: $1,650.
Estimated Net Income: $15,432 per year.
Need this kind of hands-on service for your real estate portfolio?
Brett Young — Key Realty LTD
Phone: 216-703-5740
Website: http://www.clevelandincomerealestate.com
YouTube: http://www.youtube.com/@BrettYoungCashflowhomes
Real Estate Results & Stats: http://www.realincomeproperties.blogspot.com
#ClevelandRealEstate #IncomeProperty #RentalIncome #RealEstateInvesting #ClevelandInvesting #PropertyManagement #CashFlow #KeyRealty #ClevelandOhio


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0 Comments
Thank you