1407 Craneing Rd, Wickliffe, OH 44092-2521 Income Results

This property was purchased on Aug 2021 for $95,000 and we did rehab was $12,000 for a total of $107,000

This property has had only 1 tenant and started leasing this property Oct 1st 2021 so this tenant has been in this property for 31 months 

Let's look at the Approx Numbers 

Lease $1250 tax $133 Insurance $60 P/M $125 net $932 x 12 months $11,184

We raised the rent to $1325 in Oct 2022 let's look at the approx numbers for this rent

 

Lease $1325 tax $242 Insurance $60 P/M $125 net $903 x 21 months $18,963

The Lease was raised to $1350 a Month in July 2024 Let's look at those approx numbers 

Lease $1350 tax $242 Insurance $60 P/M $125 net $928 x 1 month $928

There has been approx $500 in repairs on this home. 

Let's look at the approx total net rent collected $31,705 

With the $500 in repairs the approx total in this property is $107,500

This properties value is approx $175,0000

Just another awesome property purchased in our real estate system 

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

Better Properties exceptional results