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We purchased this property for $90,000 in January 2020. Rehab was $10,325 for a total of $100,325 invested.
Let's' Look at the Approx numbers on this property. 2020 $ 5,572
2021 $ 7,457
2022 $ 7,586
2023 $10,114
Total $ 25,157
That is a total of $25,157 in net proceeds.
We did rehab of $26,475 during the 4 years
We Sold this property for $175,000 - $100,325 (cost and Rehab) - 26,475= $48,200 Equity That gives this client approx $48,200 in equity + $25,157 in approx rental proceeds
After Closing cost the approx Grand total was $25,157 (Rental Proceeds) + $24,613 in net profit from sale
The approx total is $49,771 13% return not bad
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