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Here is a property was purchased in November 2020 for $80,000 and the rehab was $10,300 for a Total of $90,300
We leased this property for $1150 a Month in March 2021 and this property has had only 1 tenant Let's look at the approx. income Lease $1150 Tax $137 Insurance $60 P/M $92 Net $861 Net for 24 Months = $18,020 Lease in 2023 $1225 Tax $137 Insurance $60 P/M $98 Net in 2023 = $9,930 Lease in 2024 $1350 Tax $167 Insurance $60 P/M $108 Net in 2024 for 8 Months = $6,411.68 Total approx net income $34,361.68 Approx Worth per MLS $175,000-$90,300= $84,700 (He paid for the home and rehab) Do the numbers and call me and see why I have a tremendous number of properties with these results Call me (Brett) 216-703-5740 Key Realty and Property Management
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