.png)
Click here for Before Pictures
This property was purchased in October 2023 for $120,000 and we added $22,000 in upgrades.
The property was leased in Dec 2023 for $1500 a month and has had only 1 tenant for the last 17 months. Great Tenant and the lease amount has been lifted 1 time.
Let's look at the net proceeds deposited in this client's account.
2024 $8,248
2023 $2,815 (Since April 2024)
Total Deposited $ 11,063
Let's look at the returns so far for this client
The approx value with $25,000 to enhance the value would be approx $225,000
Let's look at the approx returns so far on this home.
$225,000 - $142,000 (purchase and Rehab) - $25,000 Updates = $58,000 equity Position
The approx return so far is $58,000 + $11,063= $69,063 in 17 months
That would make the approx return @ 48% so far
Need Real Estate that produces Contact Brett 216-703-5740 Key Realty and Property Management
1200+ Properties and Counting
Contact Brett 216-703-5740 Key Realty and Property Management
Need Property Management? Go to PMOhio.org
.png)
0 Comments