Income Results: 132 Center Rd Bedford Ohio

 


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Click here for After Pictures 

We Paid $85,000 for this home in ​Dec 2021 and had $​17,000 in Rehab for a total of $​102,000. Let's look at the approx. income on this property​. We started construction in December 2020 as per clients 

​We have had one tenant since we leased it in January 2022 in 11 days for $1350 a month.  This Client has chosen to not get a new tenant. The lease could be $1600 a month, but this tenant pays on time and has been a great tenant for 36 months. 

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

2022 $10,388

2023 $12,505

2024 $ 7,409

2025 $ 9,098

Total $39,400 Deposited in clients bank account

Let's look at this property's Approx value is $180,000 with a $25,000 value added when selling it.

The approx returns go as follows

$180,000 (approx worth) - $25,000 (value Add) - $102,000 (purchase and Rehab) + $39,400 (rental deposits = $92,400

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
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