Properties that Deliver massive income for our Clients

 

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This property was purchased in June of 2020 for $85000 and it needed $18025 in rehab for a total of $103,025.

Let's look @ the Approx net Income for this property. We lease this property for $1300 a month in October 2020. The owner was slow on paying construction is why the property took so long to get done. 

2020   $  2,666

2021  $  6,678

2022  $  8,683

2023  $ 3,065 (need some city updates on home)

2024  $6,118

Total  $27,210 deposited in this owner's account

The rent is currently $1450 a month 

The new lease is with a very large entity that literally has a 1 billion dollar credit line!  Rents will continue to go up in this A+ area.

Adding just another Bathroom ($12,000) this home is worth $199,900. 

$199,900-$103,025-$12,000= $84,875

$84,875 + $27,210 = $112,085

Blended return is approx 23% 

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