More income 5410 Renwood Parma Ohio Update

This property was leased SOOOOO Fast I did not get final pics or video. The tenants that we leased to have been in this property since 2021. That means they have been in this property for 43 months and paid all rent on time and little to no maintenance. ( $700 Plumbing repair) that's it. 

We also added a new 1 car garage on this property when we purchased it. The lease started at $1250 and has been lifted every year since. It was leased in 1 day to an approved tenant. 

Let's look at the net rents deposited in this clients Bank Account

2021   $    875

2022   $ 9,952

2023   $ 11,072

2024   $ 12,746

2025   $   8,351

Total Net deposited in this clients Bank Account SO FAR

$42,996

We paid $90,000 and we had Approx $15,000 rehab for a total of $105,000

The approx worth today is $215,000

$215,000 - $105,000 (purchase and rehab) - $30,000 (added value) =  $80,000 Appox Equity 

$80,000 Approx Equity + $42,992 (net rent deposited) = $122,992

Rate of return 30% Return 

Contact Brett 216-703-5740 Key Realty and Property Management

Mega Million Dollar Producer and Award Winning Realtor 1200+ Properties and counting Go to https://realincomeproperties.blogspot.com/ to view what our clients make with our real estate Need Property Management? Go to https://pmohio.org/ Go to https://www.clevelandincomerealestate.com/ for my Blog