Income/Sold Results; 1397 Sunset Matfield Heights Ohio

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We received this property because of the length of time the previous Property Management was taking to lease this property. 

We located a tenant that stayed 6 years and was an excellent payer. In fact we had to get them a 30 day notice because they wanted to stay. The tenants left the home in great condition. We needed to get the home rehabbed to sell. 

Here are the Before pictures

The clients deposited $60 ,644 in their bank account. That is the lease profit. After Insurance,taxes and Property Management. 

Let's look at the sales profit. They let us do just $20,000 in updates. We needed to add a Full bathroom and a roof. 

Click here to see the after rehab pictures

We Sold the property for $209,000 in 10 days. This property was purchased for Approx $101,000 with the rehab after purchase.

Let's look at the new numbers 

$186,360 (after paying back taxes and closing cost) + $60,644 (net rent receipts) - $101,000 (approx cost of original purchase and rehab) 

Total net profit Approx $146,004. Let's look at the return on money

24% return on their money in the 6 years we managed this property 

I have Sold 1200+ Properties Retail and to Investors

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

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