This property was
purchased for $84,000 in July of 2018. Let's see how this property has
done since then. Rehab was $3200 to get this one up to rent
We leased this home in August 2018 in just 10 Days
Approx 2018 Numbers Rent $1300 Tax $300 Insurance $60 Property Management $125 net $815
Those tenants stayed until Sept 2020 and was leased again in 7 Days
Approx 2020 Numbers Rent $1300 Tax $300 Insurance $60 Property Management $125 net $815
These tenants stayed Dec 2022 and we leased it again for $1400 in 6 Days January 2023
Approx 2020 Numbers Rent $1400 Tax $300 Insurance $60 Property Management $125 net $915
This client is making excellent consistent income with this property while it also goes up in equity
Today
this home is worth in the $200,000 area. This client has $100,000
equity in this home with all the repairs. You also need to add the
income on this property from 2018.
Approx
Gross income with little repairs is $39,345..........Quality properties
generate more consistent income and more equity to create wealth.
Homes are less headache and more consistent income purchased in certain locations.
Need good consistent income and equity that can create wealth?
Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me
.I partner up with Avalon Group Realty to do all the property management Call Lori 440-695-3379
.png)
.png)
.jpg)
0 Comments
Thank you