This property was purchased in 2019 and has already generated $66,778 in net proceeds for our client after property management, insurance, property taxes, and repairs.
We just raised the rent another $100 per month, bringing the monthly rent to $1,650.
That gives our client another $1,200 per year in rental income.
Even better, in the seven years we’ve managed this property, this is only the third tenant we’ve had.
Long-term tenants can help reduce turnover, vacancy, and unnecessary repair costs while helping maintain consistent income.
This property has produced a reported 26% income return and continues to provide strong rental income with the potential for continued equity growth.
Need this kind of property in your portfolio?
We help investors buy, rehab, rent, and manage Cleveland income properties from start to finish.
Brett Young
Realtor & Property Manager | Key Realty LTD
📞 216-703-5740
🌐 https://www.clevelandincomerealestate.com/
▶️ YouTube: https://www.youtube.com/@BrettYoungCashflowhomes
📊 Property Results & Statistics: https://realincomeproperties.blogspot.com/+
#ClevelandRealEstate #ClevelandIncomeProperty #IncomeProperty #RentalIncome #RealEstateInvesting #CashFlow #PropertyManagement #ClevelandInvestors #RentalProperty #RealEstateWealth #LongTermInvesting #KeyRealty #BrettYoung
.png)
.png)
0 Comments
Thank you