Rental Income :1507 Maplewood Wickliffe Ohio

 

Click here for Before Pictures 

Click here for After Pictures  

We Paid $93,000 for this home in Nov 2020 and had $10,000 in Rehab for a total of $103,000. Let's look at the approx. income on this property. 

This property has had only one tenant since Feb 2021. So, the tenant has been in this home for 43 Months

The lease Started as $1250 a month in 2020 and has been lifted yearly ever since. 

Let's look at the Net Rent deposited in owners bank account so far 

2021. $.  9,599

2022  $   5,897

2023  $.  8,347

2024. $ 11,791

2025  $. 9,826

Total Amount Deposited in owners account $45,460. 

This property approx value $180,000 after $25,00 Value Add

Let's look at the approx return on this property 

$180,000 (worth) - $25,000 (Value Add) - $103,000 (cost of home and rehab) + $45,460 = $97,460

This property has a 19% return so far. 

Let's Talk Contact Brett Young (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/

Go to https://www.cashflowrealtygroup.com/ to see how we finish homes

List Your Home @ https://listcleveland.com/.