15309 Puritas Cleveland Ohio Income Results

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This property was purchased in September 2019 for $62,000 and added Approx $13,000 in rehab that brought the total to $73,000. 

Let's look at the Approx Income results

Leased on November 2019 for $1150 a month and stayed 14 Months 

Approx Numbers: Tenant 1

Lease $1150 Tax $144 Insurance $60 PM $115 Net $831 x 13 months = $10,303

The property had less than $2,000 in updates and was leased again on Feb 2021 for $1150

This Tenant Stayed for 28 months 

Approx Numbers: Tenant 2 

Lease $1150 Tax $144 Insurance $60 PM $115 Net $831 x 27 months = $22,437

The property was Leased again in 2023 updates $1350 a month with $3000 in updates 

Approx Numbers: Tenant 3 (Current) Leased August 2023

Lease $1350 Tax $160 Insurance $60 PM $125 Net $1,005 x 10 months = $10,050

Approx Total Rental Income $42,790 

Approx Worth $165,000

Do the Numbers and Call me (Brett) 216-703-5740 Key Realty and Property Management 

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