This property was purchased for $159,000 and we updated the property where needed. The whole process was done in 2 weeks on the updates and the home was put up for lease.
Leasing is a whole another part of income real estate that is both exciting and hard work part of any investment real estate deal.
This property was forecasted to be leased for $1800 a month and in 14 days we got the $1800 a month through our marketing and making sure we were there to show the home and get it finished.
Let's look at the projected income on this property
Lease $1800 Tax $213 Insurance $60 Property Management $125 Net $1402 a month
Need Professionals that can handle 100% of your real estate details?
Call me (Brett) 216-703-5740 Key Realty and Property Management
Who you Hire for Real Estate Matters
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Thank you