The Profit of Property Management: Income

This property was purchased for $90,000 in November 2021. It was a converted to three bedroom from a two bedroom by adding a bedroom in the basement. The original rehab was $14,725 for grand total of $104,725.

The property was originally leased for the January 2022 for $1200 a month. that tenant stayed for 24 months unfortunately the husband had a heart attack and they had to move out.

They just moved out and we had to add some more rehab to the property . And that amount was $2500. So the total amount invested in this property is $107,225.

The property was leased again in March 2024 for $1350 a month.

Over the​ t​ime. Of the end of ​2022 through ​2024 the net amount deposited in this Client’s account is over $30,000.

The approximate value per the MLS is $180,000.

Let’s look at the approximate profit

$180,000 - $107,225 ‎ = $72,775.00 $72,775

Let's look at the current Results

$72,775 + $30,000 ‎ = $102,775.00 $102,775

That’s an approximate return of 32%.

​Consider our way of real estate and call me (Brett) 216-703-5740 Key Realty and property management

Better Real-Estate exceptional resu​lts