.png)
Better Properties. Exceptional Results. More Proof.
This property is another great example of what long-term real estate investing can accomplish when you buy the right property, improve it, manage it properly, and take care of the tenant and the home. Only 1 Tenant for the last 21 Months
The Investment
Purchase Price — 2024 $159.000
Rehab: $6,000
Total Investment: $165,000
We leased the property at the end of 2024 for $1,800per month and increased the rent in 2026
Here are the actual net deposits made to the owner's account after property management, property taxes, and insurance:
2025: $13,359
2026: $12,262 so far
Total Net Rental Income: $25,261
Remember, these aren't gross rent numbers. This is the money deposited into the owner's account after property management, taxes, and insurance.
Today, we estimate the property is worth approximately $200,000.
Now Let's Look at the Equity
Current Estimated Value: $220,000
Original Purchase + Rehab: – $165,000
Estimated Selling/Rehab Preparation: – $20,000
Estimated Closing Costs: – $10,000
Estimated Net Equity/Profit: $25,000
Now add the rental income already received:
$25,000 Estimated Equity/Profit
+ $25,261 Net Rental Income
= $50,261 Combined Equity + Rental Profit
On an original investment of $165,000 that's approximately a 16% cumulative return from combined equity and net rental proceeds so far.
And the owner still has the property.
This is why we focus on buying better properties in better locations, making the appropriate improvements, putting good tenants in place, and professionally managing the property for the long term.
Better Properties. Exceptional Results. More Proof.
We really care about our clients, their properties, their income, and their long-term equity.
Brett Young
Key Realty LTD
📞 216-703-5740
Cleveland Income Real Estate
www.clevelandincomerealestate.com
YouTube: @BrettYoungCashflowhomes
Real Estate Stats: realincomeproperties.blogspot.com
.png)
.png)
0 Comments