Income Results: 1603 Winchester Lyndhurst Ohio

This property was purchased for $​85,000 in ​J​une 2020.
​r​ehab $8,000 Total $93,000

It was leased ​in 28 days for $1300 a month .

Now… take a look at the numbers. 

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Income Property Case Study

Rocky River, Ohio

Purchase Date: ​June 2020
Purchase Price: $​8​5,000
Rehab Investment: ​$​ 14,435
Total Initial Investment: $​99,435

Bedrooms: 3 Bathroom 2 Garage 2 Sq Footage 1,​1​82

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Leasing Performance

Leased: ​ Days on Market: ​28 days

Original Rent: $​1,300/month

Tenant: Original Tenant ​38 Months ​N​ext  Tenant 2​4 Months

Vacancy: 2 Months

New Rent (2026): $​1​,450/month We have lifted the monthly rent

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Net Rents Deposited to Owner

(After expenses)

​2020: $ 2,666

202​1: $ 6,678

2022: $​ 8,682

2023: $​ 6,700

2024: $​ 8,918

2025: $​ 8,437

2026 (YTD): ​$​  219 (paid property Taxes) 

Total Net Deposits in owners Account: $​4​2,300

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Equity Position

• Approx Value : $​225,000

• Additional Updates Budgeted: $​1​5,000

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Profit Breakdown

Equity: $​9​6,310

Plus Net Rents: + $​4​2,300

Closing Cost - $10,000

Minus Purchase + Rehab: – ​$​ 99,435

Minus Updates: – $​1​5,000

 Approx Total Profit: $​1​42,865 So far 

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Return Summary

Approx ROI: ​37%

Low vacancy

Stable long-term tenant

Minimal maintenance

Strong rent growth

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Let’s Talk

Brett Young
 (216) 703-5740
Key Realty & Property Management

Mega Million Dollar Producer
Award Winning Realtor
1200+ Properties and Counting

See what our clients earn:
https://realincomeproperties.blogspot.com/

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