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This property was purchased for $80,000 and we had to do rehab on this one. Everything came on budget and on time the property was approximately $110,000 with rehab.
The value of this properties in between $135,000-$145,000
It was leased for $1500 quoted rent and just seven days (Rent as Quoted to client). An awesome tenant is moving in, there was a background check credit checked and verified.
Let’s look at the approximate numbers on this property.
Rent $1500 tax $156 insurance $60 pm $125 net $1159
This particular property has two bathrooms. We added a new one. Which helps the appraisal and gets better tenants.
Need this kind of real estate?
Call me 216-703-5740 Key Realty and Property Management
1200+ properties and counting better properties exceptional results is what we expect for all our clients
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