28865 Alton Wickliffe Ohio Income-Sale results

We purchased this property for an international client for Oct 2021 $93,400 and had rehab of $10,050 for a total of $103,450. The rehab was started in December 2021 because of wiring issues from Belgium.

We leased this property for $1250 in Jan 2022. This property only had 1 tenant. The owner wanted the property sold; Let's look at the approx. numbers on rent. Rent $1250 Tax $143 Insurance $60 P/M $125 Net $922 x 9 months (Owner wanted to sell) $8,298. We added approx $5,000 to sell the property so the approx. total is $108,450. This client had issues with partners and did not want to sell but needed to. Remember I always recommend single family homes because they have more buyers. Let's look at the total numbers on this home.  We had a approx. total with rehab of $108,450 and we Sold the property for $144,900 in Oct 2022.  With the lease profits and Sale minus closing cost the client netted approx. $36,496 on this 1-year purchase.  Need Real Estate? Call me (Brett) 216-703-5740 Key Realty and Property Management Better Real Estate Exceptional Results