This property was purchased in August 2021 for $95,000. We added $13,150 in rehab for a total of $105,150.
We leased this property in Sept 2021 for 16 days for $1250 a month . This is the only tenant for this property and they are still there today 42 months later. No updating on this property going on 4 years which lets the income roll.
Let's look at the approx net rents that were deposited in this client's bank account so far.
2021 $ 1750
2022 $10,705
2023 $10,362
2024 $10,696
2025 $ 1,125 (Paid Property Taxes)
Total deposit in Owners Account $34,639
The Approx Equity adding a bathroom and updating ($20,000) is Approx $175,000
$175,000 + 34,636-105,150 (paid and rehab) -20,000= $84,486 Approx profit
That is approx 23% return on their investment.
Need properties that perform like this one?
Contact Brett 216-703-5740 Key Realty and Property Management
99.5% Success rate and 1200+ properties and Counting
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