🏠💰 Invest in Real Estate: High Returns at 76 Grace! 🌟

 

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This property was purchased in January 2021 for just $70,000 and added another $10,000 in rehab for a total of $80,000

The Property has had 1 Section 8 tenant that we inherited and our tenant for the last 3 1/2 years. We had to evict the Section 8 Tenants shortly after we purchased the property and had to take them to court. After two years the client finally received their money for this home.  We got the property leased for $1150 a month in 3 Days in Aug 2021. This family has been leasing this property ever since.  Rent Deposited in Owners Account per year after maintenance 2021    $  5,278 2022    $  9,535  (rent raised to $1200 a month) 2023    $  9,402  (rent raised to $1250 a month)2024    $  8,080  (rent raised to $1350 a month) Total Deposited in Owners Bank Account $32,995. Let's look at the Approx Value of this home per MLS is $160,000 $160,000-$80,000= $80,000 in approx equity  $80,000+ $32,995 (Rent deposited in owner bank account) = $112,995 Approx Profit  That is a 20% return and only getting better  Need real estate that works for you ? Contact Brett 216-703-5740 Key Realty and Property

#Cleveland #RealEstate #Investing #Renovations