4350 Prasse Cleveland Ohio Income Results

 

Click here for Before Pictures 

Click here for after Pictures 

We purchased this property in Feb 2022 for $86,000 and added $17,350 om rehab for a total of $103,350 Purchase Price. 

We leased this property in April 2022 for $1300 a month in 16 days 

Let's look at the Approx Numbers and the monthly rent has been raised to $1450 during the time of the tenant. This Tenant has been in this property for 37 months Paid on time and has been a Great Tenant. 

This is net proceeds after taxes, Insurance and Property Management

2022  $  7,019

2023  $  9,837

2024  $10,127

2025  $  2,805

For a total of $29,788 deposited in this clients account

Let's look at the Approx Equity 

Approx Value $170,000 - $20,000 (Bathroom added) - $10,200 Closing cost + $29,788 Rent Deposited

Approx Net Profit with Equity $66,235 That is $22,079 a year or 21% Return