This property was purchased in 2022 for $162,000 and rehab $18,500. The property today is worth Approx $289,000.
Let's look at the rent? No move outs 1 Tenant Approx Rent Numbers 2022, 2023, 2024 Leased $1700 Tax $365 Insurance $60 Property Management $125 Net $1150 Approx to Date net income $27,600 The original tenant we placed and has stayed in the property 18 months and paid rent on time. That's a approx net of $27,600 and a approx equity position of $100,000+ No Move outs no new Rehad in There you have it Need more income and consistent income call me (Brett) 216-703-5740 Key Realty
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