Getting Consistent income is really every investor's dream. Having income every month has a better chance. This home in Lyndhurst is a perfect example of consistent income and growing equity.
Over the years rental amounts have gone up over the years.
Let's look the approx numbers
2020 tenant moved in Feb net $9115
2021 tenant moved out oct net $81412022 tenant moved in Jan 2022 Net $8571
2023 Net $10,174
Total rental income $36,001
We purchased the property in 2019 for $80,000 and today that property is worth approx over $200,000. Let's look at the Approx Returns on this home.
Approx Equity $120,000 + $36,001= $156,001
The return is approx 39% return.
Need Good consistent income and equity?
Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me
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Thank you