This property was leased for $1050 in 2021. The tenant was in our system and we leased this one quickly. The lease amount has been lifted since.
This property could get another $250 a month in rent. The owner has decided to keep the lease as is.
The property has had the same tenant since Aug 2021 making this a 49 month tenant. Let's look at the income numbers.These are net deposits in this client's bank account. The taxes, repairs and Property Management has all been paid through the Management.
2021 $ 3,935
2022 $ 7,898
2023 $ 7,801
2024 $ 8,802
2025 $ 6,613
Total $35,049 in net rents deposited
This property was purchased as a wholesale deal so I have no idea what was actually paid for this home.
We tackle the hard work to keep properties producing income. This is just another example of how our clients sleep well at night.
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
0 Comments