This beautiful Lyndhurst, Ohio property features three bedrooms, two full bathrooms, a one-car garage, and a large backyard. It is also close to shopping, restaurants, schools, and many of the amenities Lyndhurst has to offer.
The property previously rented for $1,650 per month. After the tenant moved out, we completed a few updates and secured a new rent of $1,850 per month.
That is an additional $200 per month—or $2,400 in added annual rental income.
This is why we focus on purchasing quality properties in desirable communities. The right property can continue producing stronger rental income while also appreciating in value.
Approximate Monthly Rental Numbers
Rent: $1,850
Property taxes: $334
Insurance: $60
Property management: $125
Approximate net income: $1,331 per month
Approximate annual net income: $15,972
In addition to the rental income, this client has approximately $30,000 or more in equity. Lyndhurst remains a desirable community where well-maintained properties can provide both steady income and long-term appreciation.
Our goal is always to help clients purchase the right properties, increase their income, protect their investments, and build long-term wealth. This property is another excellent example of that strategy working.
Are you ready to add another income-producing property to your real estate portfolio? Contact me today.
Brett Young — Key Realty LTD
Phone: 216-703-5740
Website: http://www.clevelandincomerealestate.com
YouTube: https://www.youtube.com/@BrettYoungCashflowhomes
Real Estate Results & Stats: http://www.realincomeproperties.blogspot.com
#LyndhurstOhio #ClevelandRealEstate #RentalProperty #InvestmentProperty #RentalIncome #RealEstateInvesting #TurnkeyProperty #CashFlow #PassiveIncome #ClevelandInvestors #PropertyManagement #BuildWealth #RealEstateEquity
.png)
.png)
0 Comments
Thank you