$14,148 a Year in Net Income + Built-In Equity
$1,600 Rent Delivered — Plus Approximately $30,000 in Equity
This property is another great example of delivering what we told the investor from the beginning.
The property features 2 bedrooms, 2 full bathrooms, and a 2-car garage. We projected that it would rent for $1,600 per month — and that is exactly what it rented for.
There were many details involved in getting this property purchased, rehabbed, completed, and leased. You can check out the video below to see the finished property and the work that went into it.
The investor also receives a one-year home warranty, helping provide additional protection after the rehab is complete.
Approximate Monthly Income
Rent: $1,600
Property Taxes: -$236
Insurance: -$60
Property Management: -$125
Approximate Net Income: $1,179 per month
Approximate Annual Net Income: $14,148
The client's all-in cost after rehab was approximately $155,000.
Based on comparable prop
erties in the area, the property is worth approximately $185,000, giving the investor an estimated $30,000 equity position.
That means this investor isn't only receiving monthly rental income—they also started with a significant amount of potential equity.
The Numbers
All-In Investment: $155,000
Estimated Value: $185,000
Estimated Equity: $30,000
Monthly Rent: $1,600
Approximate Monthly Net: $1,179
Approximate Annual Net: $14,148
Approximate Net Yield on Cost: 9.1% annually
The combination of cash flow + equity is exactly what we look for when helping clients purchase income-producing real estate in the Cleveland Metro area.
We told this investor $1,600 per month, and we delivered $1,600 per month.
That's what boots on the ground is all about: buy it right, rehab it right, lease it right, and manage it right.
Brett Young — Key Realty LTD
Phone: 216-703-5740
Website: http://www.clevelandincomerealestate.com
YouTube: http://www.youtube.com/@BrettYoungCashflowhomes
Real Estate Results & Stats: http://www.realincomeproperties.blogspot.com
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