Income Results: 1346 E 346th Eastlake Ohio

  

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Investment Real Estate Case Study 

This property was was not making any money when we recieved it. 7 months no rent. 

We stepped in, took over management, and immediately addressed the issue. The tenant was told clearly: either get current and follow the rules, or move out. Once the tenant understood that there was now a real system in place, she started paying.

The real power of income real estate is the monthly rental income combined with long-term equity growth.

The property was first leased on March 2022 The original stayed 27 months and , the new one has been there 18 months so far. 

Here is the actual rental income that has been deposited into the client’s bank account through our property management system. All Insurance, taxes and P/M was deducted 

Rental Income Breakdown

2022: $  2,070

2023: $  8,308

2024: $10,459

2025: $ 8,642

2026: $ 6,878

Total Rental Income : $36,357 Deposited in this Clients account

This client payed approx $100,000 for this property w/repairs

Now let's look at the approximate profit on this investment so far.

Current Estimated Value: $177,000 (we did not purchase this property for this client)
Total Purchase & Rehab: $100,000
Estimated Closing Cost if Sold: $10,000
Estimated Future Rehab / Refresh: $30,000

Add the $36,357 in net rental income received to date.

This brings the approximate profit so far to:

$ 73,357

That represents approximately an 11% return so far, we are currently getting it ready t o sale 

We were already managing a couple of her other properties, but this one was different. The property manager she had before us was not getting the job done. There was a tenant in place who was causing problems, not paying properly, and nobody seemed willing to take control of the situation.

This property has turned around and will continue to add money to this clients bank account. 

This is why many investors focus on buy-and-hold income real estate in strong rental markets like Cleveland.

The strategy is simple:

Buy the property right.
Place strong tenants.
Manage the property properly.
Allow rents and values to rise over time.

Handling the Entire Investment Process

Our team handles the entire investment lifecycle for many of our clients:

Finding the property
Analyzing the deal
Coordinating updates
Placing qualified tenants
Managing the property
Tracking income
Helping investors capture equity when they sell

Many of our investors live out of state or even internationally, so having a local professional who understands the Cleveland rental market and property management process is critical.

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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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