1407 Craneing Income Results in Wickcliffe Ohio

 

📊 Income Property Case Study

Wickliffe, Ohio

Purchase Date: August 2021
Purchase Price: $95,000
Rehab Investment: $13,150
Total Initial Investment: $105,150

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🏠 Leasing Performance

• Leased: September 2021

• Days on Market: 16 days

• Original Rent: $1,250/month

• Tenant: Same tenant for 50+ months

• Vacancy: Virtually zero

• Updates: None for nearly 4 years — letting income roll

New Rent (2026): $1,400/month 📈

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💰 Net Rents Deposited to Owner

(After expenses)

• 2021: $1,750

• 2022: $10,705

• 2023: $10,362

• 2024: $10,696

• 2025: $10,364

• 2026 (YTD): $1,260

👉 Total Net Deposits in owners Account: $45,137

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📈 Equity Position

• Approx Value After Adding Bath + Updates: $175,000

• Additional Updates Budgeted: $25,000

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🧮 Profit Breakdown

• Equity: $175,000

• Plus Net Rents: + $45,137

• Minus Purchase + Rehab: – $105,150

• Minus Updates: – $25,000

✅ Approx Total Profit: $89,987

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🔥 Return Summary

• Approx ROI: 21%

• Low vacancy

• Stable long-term tenant

• Minimal maintenance

• Strong rent growth

This is what happens when buying right, rehabbing correctly, leasing fast, and managing smart.

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 realestate 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/ Go to https://www.cashflowrealtygroup.com/ to see how we finish homes

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