Income Results: 29107 Fuller Wickcliff Ohio

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This property was purchased in April 2023 for $100,000 and we Added $20,000 in Updates for a total of $120,000.

It was leased in 1 day for $1350 a month in July 2023. The property has had only 1 tenant for the last 26 months and the lease has been lifted during that time.

Let's look at the deposits for these clients in their bank accounts after expenses. 

2023    $   5,957

2024    $ 11,830

2025    $   8,484

Total Income $26,271

Let's look at the Approx Value is $165,000 with a $25,000 value add

Let's look at the returns so far

Approx Value $170,000 - $20,000 (Value Add) - $120,000 (Cost of home) + $26,271 (net lease profit) = 

$56,271 Profit 

16% Return on their investment so far, This area is appreciating at about 6% a year and the rents are also escalating, 

Need these types of Returns? 

Let's Talk 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 DIY Property Management https://www.ohiopmservice.com/