1507 Mapledale Income Results
We Paid $93,000 for this home in Nov 2020 and had $10,000 in Rehab for a total of $103,000. Let's look at the approx. income on this property.
This property has had only one tenant since Feb 2021. So, the tenant has been in this home for 43 Months
We leased this property for $1250 a month in Feb 2021 let's look at the approx. numbers on this property.
The lease has been raised to $1400 over the years $45,000+
The amount of rental deposited in this Clients Account for rent after Taxes, Insurance, Property Management and repairs is Approx
Let's look at the approx. Value of this home per MLS is $160,000.
Let's look at the Approx profit so far with Equity
$160,000 - $103,000= $57,000 Equity Plus $45,000 = $102,000 profit so far.
Do the numbers and call me (Brett) 216-703-5740 Key Realty and Property Management
Clevelandpropertymangement.org
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Thank you