.png)
Paid $75,000 for this home in December 2019. We added $6,875 in updates to this property.
Leased in March of 2020 for $1100 a Month the 1st tenant stayed 13 Months let's look at the Approx numbers
Lease (2019) $1,100 Tax $197 Insurance $60 P/M $125 Net $718 x 13 months = $9,334
We then added the second tenant in Aug 2021 for $1150 a Month which stayed 13 Months
Let's look at the approx numbers
Lease (2021) $1150 Tax $197 Insurance $60 Pm $125 Net 768 x 14 Months = $10,752
Total Approx Net Lease $20,086
We then rehabbed to sale the property $10,875 Making the grand total payed and rehab for the life of the home $92,750
The Property Sold for $130,000 May 2023 in 52 Days
Making the Approx Net profit for this property $37,250-closing cost Approx $32,000
With rent and sale the total approx net profit was $52,086
Better Real Estate Exceptional Results
Call me (Brett) 216-703-5740 Key Realty and Property Management
.png)
0 Comments