This property was purchased in 2022 for $175,000 and no rehab. The property today is worth Approx $240,000
Let's look at the rent? The first rental rate was Sept 1st 2022 for $1700
Approx Rent Numbers 2022
Leased $1700 Tax $306 Insurance $60 Property Management $125 Net $1209 or $14,508
The original tenant we placed and has stayed in the property 18 months and paid rent on time.
That's a approx net of $21,762 and a approx equity position of $60,000+
Let's go to next video on this channel 2015 Baxterly
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
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