56 Month Tenant proves Homes make better Investments

This property was purchased from a wholesaler and then there were issues in getting the property ready. They paid Approx $72,000 and  added $12,000 in rehab for $84,000

The owner was a friend so I advised a new Garage on this property which they did and updated a bit.

We leased this property in August 2020 for $1050 a month. Very small 1 bathroom home but it produces. The rent has increased over the years and the same tenant has been in this property since Aug 2020 or 56 Months 

Let's look at the Approx Net Deposited in the owners account. After Property Taxes, Insurance, repairs and Property Management 

2020    $  2,630

2021    $ 9,552

2022    $11,058

2023    $ 5,623

2024    $ 6,468

2025    $ 2,821 

Total $38,152 Deposit in this Clients bank Account

Let's look at the Approx return on this property so far

Worth $160,000 Purchase + rehab $84,000 $20,000 need to update makes the equity 

$56,000 Equity + 38,152 (rental income) = $94,152 or a 22% Return

No headaches, just income producing real estate with an equity kick! 

NEED REAL ESTATE THAT PROFORMS? Call me

See our results @ https://realincomeproperties.blogspot.com/