Rental Income : 1343 Victory South Euclid Ohio

 

​Click here for Before Pictures 

Click here for After Pictures 

We Paid $​​81,000 for this home in ​​Oct 2020 and had $​15,720 in Rehab for a total of $​95,620. Let's look at the approx. income on this property​. We started construction in December 2020 as per clients 

​We have had the same tenant since we leased it March 2021 in 10 days for $1250 a month. There were a lot of city violations that needed to be cleaned up and that was done. 

​The lease has been lifted during the years. Let's look at the Approx Numbers for income on this home. 

2021   $ 8,926 

2022   $ 7,062 ($1200 repair on heater)

2023   $ 8,445

2024   $ 7,854

2025   $8,737

Total $41,330 has been deposited in this client's account. 

Let's look at this property's Approx value is $190,000 with a $25,000 value added when selling it.

The approx returns go as follows

$190,000 (approx worth) - $25,000 (value Add) - $95,620 (purchase and Rehab) + $41,330 = $110,710

That is a 23% return! So Far 

Don't do Real Estate Alone

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/. 

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