Getting Income and Equity Is Easier Than You Think

 This property was purchased in November 2020 for $80,000. We had to put $12,400 in rehab in the property making a total of $92,400. There has only been 1 Tenant in this property for almost 4 Years 

This property was leased February 2021 for $1225 a month. In 2024 the rent was raised to $1325 a month. The owner wanted to keep the tenant and their budget would only fit so much for this property but it is about a $1500-$1600 rent amount property

Looks to look at the rental deposits over the years.  This is the approximate net amount that was deposited in the owners account directly. After all repairs were taken out of this also so this is a proximate net to Owner.

2021 we deposited $10,997

2022 we deposited $7050 (replaced the furnace)

2023 we deposited $8462

2024 we deposited $6365

That’s approximate net of $32,874 that we deposited in their account so far.

Let’s look at the approximate value per MLS

If we added a bathroom for this one which would be about $12,000 and some rehab this property be worth approximately $190,000. Without the bathroom it’s worth about $165,000.

Another great property with exceptional results.

Want to get the real numbers and the real profit?