8005 Breman Parma Ohio Income Results

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This property was purchased January 2021 for $80,000 we had to add Approx $13,000 in rehab. for a total og $93,000

We leased the property March 1st 2021 for $1200 a month

Let's look at those Approx returns: the 1st Tenant stayed 24 months and we raised the lease to $1350 their last 12 months.

Approx Numbers year #1

Lease $1200 Tax $189 Insurance $60 PM $120 Net $831 x 12 months $9,972

Year 2 same tenant

Lease $1350 Tax $189 Insurance $60 PM $125 Net $976 x 12 months $11,712

The new tenant has been in the property 11 months we needed $5000 rehab also the new approx numbers are 

Rent $1450 Tax $225 Insurance $60 PM $125 Net $1040 a month x 11 Months $11,440

That is a total $33,124 the approx Value $195,000

Do the numbers and call me (Brett) 216-703-5740 Key Realty and Property Management or WhatsApp me