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This property was purchased for $70,000 in May 2019 and we did $8,000 in rehab on this property. For a Grand total of $78.000
Let's look at the Approx Rent deposited in the owners account
2019 $ 4,371
2020 $11,200
2021 $ 7,882
2022 $ 5,061 (New Tenants)
2023 $ 9,857
2024 $ 4,777 (Selling the home)
Total Deposited in Owners Account $43,148
This home will close this week for $155,000 Let's look at the Approx Net on this Property
Approx Net proceeds to seller $146,000 - $78,000- $19,800 Rehab to Sell = $48,200 Approx net to seller
Let's look at the Approx Net for this Client
$48,200 (Net proceeds on sale) + $43.148 (Net Proceeds for rent) = $91,348 Approx Net Profit
That's a 28% return
Need Real Estate that works for you?
Call me (Brett) 216-703-5740 Key Realty and Property Management
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