Rental Income for 15309 Puritas Cleveland Ohio

 

Click here for Before Pictures 

Click here for After Pictures 

This property was purchased for $62,500 in Aug 2019. The rehab on this property was approx $20,000. The owner resold the property in July 2021. There was no rehab on that purchase. 

The property was leased in Nov 2019 for $1150 a month the lease is currently $1500 a month. 

Let's look at the income for this property (Actual bank deposit in the owners account)

2019    $  1,082

2020    $  8,684

2021    $  5,238

2022    $  8,043

2023    $  5,735 (replaced tenant)

2024    $10,801

2025    $  5,609

Total:   $45,192 deposited in owner bank account

Let's look at the Approx Value $190,000

The overall approx return so far 

$190,000 (approx worth) - $25,000 (value add) - $82,500 (cost of home)  + $45,192 (net proceeds for rent) = $127,692

26% return on this property 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