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Purchased this property in July 2024 for $80,000 and the property got a $30,000 rehab Update including a New Full Bathroom and converted it to a 3 bedroom home.
The total Investment $110,000 we then put this property up for lease for $1500 in 7 days after completion.
What I like about this property is there is also a full bathroom we can complete in the Garage area when we go to sell it.
The property is worth $150,000 with the extra bathroom giving this client approx $40,000 in Equity.
Let's look at the leasing information
Approx Net profit
Lease $1500 Tax $198 Insurance $60 PM $125 Net $1,117 or $13,404 a Year
Great tenants paying their lease and should be in this home for 25+ months
Contact Brett 216-703-5740 Key Realty and Property Management
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Thank you