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We Paid $180,000 for this home in Dec 2023 and had $13,275 in Rehab for a total of $193,275. Let's look at the approx. income on this property.
This is a duplex and we had 4 tenants in the 9 months and when we sold the property the second tenants were still in the units and paying rent.
Both units combined are $2100 a month currently.
This owner had some emergencies and wanted to sell the duplex. That is why we purchase real estate in appreciating areas, Let's look at this clients final numbers,
Let's look at the Net Rent deposited in owners bank account so far
2024 $9,589
2025 $9,364
Total $18,953
We sold this property for $227,000 after closing cost $209,759. Let's look at the approx net profit.
$209,759(Net proceeds) - $193,275 (cost of property) + $18,953 (Rental Income) = $35,437 net profit
That is a 10% return on this client's money. We like to have a property at least 3 years before we sell it. This is a great example of our clients still making money when an emergency arises and they need to sell. This property was less than 2 years and the client still made great money.
Don't do real estate alone
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