Why it Matters on Income Real Estate..

This property was purchased in October 2023 for $120,000 and we added $22,000 in upgrades.

The property was leased in Dec 2023 for $1500 a month and has had only 1 tenant for the last 17 months. Great Tenant and the lease amount has been lifted 1 time.

Let's look at the net proceeds deposited in this client's account.

2024 $8,248
2023 $2,815 (Since April 2024)
Total Deposited $ 11,063

Let's look at the returns so far for this client

The approx value with $25,000 to enhance the value would be approx $225,000

Let's look at the approx returns so far on this home.

$225,000 - $142,000 (purchase and Rehab) - $25,000 Updates = $58,000 equity Position

The approx return so far is $58,000 + $11,063= $69,063 in 17 months

That would make the approx return @ 48% so far

Need Real Estate that produces Contact Brett 216-703-5740 Key Realty and Property Management

1200+ Properties and Counting

Contact Brett 216-703-5740 Key Realty and Property Management

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