1862 Kennedy Dr, Wickliffe, OH Income Numbers Updated 2025

 Click here to View Before Pictures

Click here to View After Pictures 

This property was purchased in May 2021 for $110,000 and the rehab was $24,500 (Got a new roof and drain line). The total on purchase and rehab was approx $134,500

We leased this property in Feb 2022 for $1400. The rehab was extensive and we had a lot of work to do to get the property in the condition to create profit. We have lifted the rent to $1450 a month and will be moving to $1500 early next year. 

Only 1 Tenant in this property. This tenant has been there 48 months

Let's look at the money that was deposited in this owner's account after expenses  

2022   $11,650

2023   $11,238

2024   $11,387

2025   $11,509

Total cash deposited $45,784

Let's look at the approx worth of this property today based on the MLS Comps is $250,000

The approx overall picture for profit on this property is as follows 

$250,000-$134,500 (cost of purchase abd rehab) - $25,000 (value add needed) + $45,784 (rent proceeds) = $136,284

That is a 23% return on this client's money!  

Better Properties Exceptional Results 

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/

Check out my videos @ https://www.youtube.com/@BrettYoungCashflowhomes

Get more information 

Name:

Email:

We respect your email privacy

99.5 % Success Rate