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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
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