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Exceptional Results in Our Real Estate System: 1407 Craneing
This property was purchased on Aug 2021 for $95,000 and we did rehab was $12,000 for a total of $107,000
This property has had only 1 tenant and started leasing this property Oct 1st 2021 so this tenant has been in this property for 31 months
Let's look at the Approx Numbers
Lease $1250 tax $133 Insurance $60 P/M $125 net $932 x 12 months $11,184
We raised the rent to $1325 in Oct 2022 let's look at the approx numbers for this rent
Lease $1325 tax $242 Insurance $60 P/M $125 net $903 x 21 months $18,963
The Lease was raised to $1350 a Month in July 2024 Let's look at those approx numbers
Lease $1350 tax $242 Insurance $60 P/M $125 net $928 x 1 month $928
There has been approx $500 in repairs on this home.
Let's look at the approx total net rent collected $31,705
With the $500 in repairs the approx total in this property is $107,500
This properties value is approx $175,0000
Just another awesome property purchased in our real estate system
Call me (Brett) 216-703-5740 Key Realty and Property Management
Better Properties exceptional results
# # #BrettsRealtyGroup #ClevelandRealEstate
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