Income Results: 18712 Paramount Cleveland Ohio

Click below for before Pictures 

https://photos.app.goo.gl/ykYndn5FzxccEcos7

Click below for After Pictures 

https://photos.app.goo.gl/kyoAFhtw8aLdnurT6

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.

The Investment

Purchase Price — 2022: $100,000 (June 2022)
Rehab: $12,825
Total Investment: $112,825

We leased the property at the end of 2021 for $1,250 per month and increased the rent appropriately over the following years.

Here are the actual net deposits made to the owner's account after property management, property taxes, and insurance:

2022: $4,585 (leased in July)
2023: $9,301
2024: $10 887
2025: $9,587
2026: $5,473 so far through sept 26

Total Net Rental Income: $39,833

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 $185,000

Now Let's Look at the Equity

Current Estimated Value: $185,000
Original Purchase + Rehab: – $112,825

Estimated Selling/Rehab Preparation: – $25,000
Estimated Closing Costs: – $8,000

Estimated Net Equity $39,125

Now add the rental income already received:

$39,125 Estimated Equity/Profit
+ $39,,833 Net Rental Income
= $79,008 Combined Equity + Rental Profit

On an original investment of $79,008 that's approximately a 17% 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

#ClevelandRealEstate #WilloughbyOhio #WilloughbyRealEstate #ClevelandIncomeProperty #IncomeProperty #RentalProperty #RentalIncome #RealEstateInvesting #ClevelandInvesting #OhioRealEstate #OhioRealEstateInvesting #TurnkeyRealEstate #TurnkeyRental #InvestmentProperty #CashFlowProperty #CashFlowRealEstate #PassiveIncome #RealEstateInvestor #RentalPropertyInvesting #PropertyManagement #ClevelandPropertyManagement #NortheastOhioRealEstate #BuyAndHoldRealEstate #RealEstateReturns #RealEstateWealth #BuildingWealth #RealEstateIncome #KeyRealty #BrettYoung #ClevelandIncomeRealEstate