Parma Home Producing Great INCOME Numbers

 

After Tenant Moved Pictures Click Here 

We purchased  this property off market from a licensed Realtor for $60,000 and we added in Aug 2021 $13,300. For a Total of $73,300.

We leased this property in Sept 2021 for $1250 a Month in 9 days. 

We have had only 1 tenant in this property since 2021 and the property needs less than $4500 to get it back to rental condition.

During the last 3 1/2 years we lifted the rent to $1350 a month and then $1450 a month.

Let's look at the Approx Numbers 

2021   $  1,250

2022   $  8,717

2023   $13,511

2024  $11,367

Total $34,845

The approx value with Bathroom $12,000 is $195,000

$195,000-$73,300-$12,000= $133,700 in approx equity

$133,700+$34,845=  $168,545 in approx profit 

We will be leasing this property for $1700 a month. 

So far this client is getting a 40%+ return

Contact Brett 216-703-5740 Key Realty and Property Management 

Schedule a 15 Min Meeting w/Brett