How Residential Income Real Estate can Work 2015 Baxterly #3

 

This property was purchased in 2022 for $162,000 and rehab $18,500. The property today is worth Approx $289,000. Let's look at the rent? The Second rental rate was Aug 1st 2022 for $1700 in 18 Days Approx Rent Numbers 2022 Leased $1700 Tax $365 Insurance $60 Property Management $125 Net $1150 or $13,800 The original tenant we placed and has stayed in the property 18 months and paid rent on time. That's a approx net of $20,700 and a approx equity position of $100,000+ There you have it 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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