Income Results: 4407 Woodway Parma Ohio

 

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Investment Real Estate Case Study 

This property was purchased in 2020 for $76,000 with approximately $18,230 in updates, bringing the total investment to around $94,230 Since the purchase, the property has performed extremely well both in rental income and appreciation.

Today, the estimated value of the property is approximately $225,000, showing strong appreciation in the Cleveland real estate market.

But appreciation is only one part of the investment story.

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 2020 The original tenant is the only tenant and they have been there for 75 months and paid rent on time, which is exactly the type of tenant stability investors want to see. Leased is @ $1200-1400 a month. They have moved out and now we are updating this property to sell. 

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

2020: $  8,657

2021: $12,091

2022: $  6,700

2023: $  9,488

2024: $  7,724

2025: $ 8,600

2026: $1800 (paid property Taxes 

Total Rental Income : $55,060 Deposited in this Clients account

Current Estimated Profit

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

Current Estimated Value: $225,000
Total Purchase & Rehab: $ 94,230
Estimated Closing Cost if Sold: $13,500
Estimated Future Rehab / Refresh: $30,000

Add the $55,060 in net rental income received to date.

This brings the approximate profit so far to:

$142,330

That represents approximately an 13% return so far, we are currently getting it ready t o sale 

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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