This property was purchased in May 2021 for $110,000 and the rehab was $24,500 (Got a new roof and drain line). The total on purchase and rehab was ap

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Cleveland Real Estate Market News VOL 04/17/26

Cleveland Metro Income/Investment Real Estate

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??? Real estate success: It's all about the money!

by Brett Young

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This property was purchased in May 2021 for $110,000 and the rehab was $24,500 (Got a new roof and drain line). The total on purchase and rehab was approx $134,500

We leased this property in Feb 2022 for $1400. The rehab was extensive and we had a lot of work to do to get the property in the condition to create profit. We have lifted the rent to $1450 a month and will be moving to $1500 early next year.

Let's look at the money that was deposited in this owner's account after expenses

2022 $11,650

2023 $11,238

2024 $11,387

Total cash deposited $34,275

Let's look at the approx worth of this property today based on the MLS Comps is $205,000

The approx overall picture for profit on this property is as follows

$205,000-$134,500= $70,500 + Net cash deposited $34,275= $104,775

That is a 31% return on this client's money!

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Brett Young Cell: (216) 703-5740 Fax: (602) 796-0273 Email: by56083@gmail.com

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 12:00:41 AM EST) or MichRic (Michigan Regional Information Center) (last updated Fri 04/17/2026 11:18:02 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Fri 04/17/2026 11:34:32 PM EST) or NIRA MLS (last updated Fri 04/17/2026 11:04:47 PM EST) or RealComp MLS (last updated Fri 04/17/2026 11:46:01 PM EST) or Dayton MLS (last updated Fri 04/17/2026 11:46:39 PM EST) or NORIS MLS (last updated Fri 04/17/2026 11:14:20 PM EST) or IRES MLS (last updated Fri 04/17/2026 11:47:16 PM EST) or Colorado Real Estate Network IDX (last updated Fri 04/17/2026 7:08:51 PM EST) or CBRMLS (last updated Fri 04/17/2026 11:54:55 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Fri 04/17/2026 11:53:28 PM EST) or Terrehaute MLS (last updated Fri 04/17/2026 11:56:29 PM EST) or elevate MLS (last updated Fri 04/17/2026 11:45:17 PM EST) or Stellar MLS (last updated Fri 04/17/2026 11:44:56 PM EST) or NKY MLS (last updated Fri 04/17/2026 11:28:26 PM EST) or Wrist MLS (last updated Fri 04/17/2026 11:24:19 PM EST) or Firelands MLS (last updated Fri 04/17/2026 11:11:31 PM EST) or LCAR MLS (last updated Fri 04/17/2026 10:50:13 AM EST) or West Central MLS (last updated Fri 04/17/2026 9:50:47 PM EST) or Fort Myers (last updated Fri 04/17/2026 11:04:43 PM EST) or Aspen/Glenwood Springs MLS (last updated Fri 04/17/2026 9:29:36 PM EST) or Northern Nevada Regional MLS (last updated Fri 04/17/2026 11:56:51 PM EST) or MLS NOW (last updated Fri 04/17/2026 2:56:36 PM EST) or Northern Great Lakes Association of Realtors (last updated Fri 04/17/2026 11:49:17 PM EST) or Mansfield MLS (last updated Fri 04/17/2026 11:47:15 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Fri 04/17/2026 11:51:22 PM EST) or Grand Junction MLS (last updated Fri 04/17/2026 11:37:08 PM EST) or Knox County MLS (last updated Fri 04/17/2026 11:08:15 PM EST) or IRMLS (last updated Fri 04/17/2026 11:12:20 PM EST) or Pueblo MLS (last updated Fri 04/17/2026 11:43:56 PM EST) or Upper Peninsula MLS (last updated Fri 04/17/2026 11:10:10 PM EST) or Greater Lansing MLS (last updated Fri 04/17/2026 10:35:30 PM EST) or SEBAR MLS (last updated Fri 04/17/2026 11:39:24 PM EST) or Water Wonderland MLS (last updated Fri 04/17/2026 10:52:34 PM EST) or Eastern Upper Peninsula MLS (last updated Fri 04/17/2026 11:59:12 PM EST) or Scioto Valley MLS (last updated Fri 04/17/2026 10:02:46 PM EST) or Northern Michigan MLS (last updated Fri 04/17/2026 9:34:00 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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