Consistent income and Equity creates Success for clients

Getting Properties that generate a higher rent and better equity is what is crucial. There are a lot of income properties that seem to create income.....but do they?

This home was purchased over 2 years ago and it just keeps making income for my client. Let's Look at today's Projected numbers that we have currently Rent $1400 Tax $187 Insurance $60 Pm $125 net $1028 or $12,336 a year. This property was leased @ $1250 for 24 months and netted after Taxes, Insurance and Property Taxes Approx $21,072 We paid $93,500 for this property in 2021. Fast Forward to 2023 Approx worth$170,000......$75,000+ Approx EquityWe just increased the rent to $1400 a month. That is a 11% increase in rent Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me please like and subscribe

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