Does Buying Multiple Residential Real Estate Work? 5507 Lavern Property #1

This property was purchased in 2022 for $145,000 and  no rehab. The property today is worth Approx $185,000.

Let's look at the rent? The first rental rate was Sept 1st 2022 for $1400

Approx Rent Numbers 2022

Leased $1400 Tax $160 Insurance $60 Property Management $125 Net $1055 or $12,660

The tenants renewed there lease for another year @ $1450 a month 

 

Leased $1450 Tax $160 Insurance $60 Property Management $125 Net $1105 or $13,260

The original tenant we placed and has stayed in the property 17 months and paid rent on time.

That's a approx net of $18,185 and a approx equity position of $40,000+ 

Let's go to next video on this channel 1219 Commonwealth

Need more income and consistent income call me (Brett) 216-703-5740 Fathom Realty 

I partner up with Avalon Group Realty to do all the property management

Call Lori 440-695-3379

Get more information on our Income Real Estate Results 
 

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