This property was leased back in 2020 for $1,100 per month. Over that time, with a few rent increases along the way, the total rent collected was $47,649.

After upgrading the property and selling it to an investor, we were able to rent it for $1,650 per month. That is a $550 per month increase from the 2020 rent, showing strong appreciation in both rental income and property value.

That increase equals $6,600 more per year in gross rent, creating stronger cash flow and better long-term income potential for the investor.

This property is in a very desirable area, close to Lakewood, Kamms Corner, downtown areas, shopping, restaurants, and freeways. It also came in on the appraisal right where we anticipated, and the entire process went smoothly as usual.

Now with new tenants paying $1,650 per month, this property is positioned to be a strong income producer for years to come. The investor can continue collecting monthly income or sell later and benefit from long-term appreciation.

Need this kind of real estate investment?

Cleveland Income Real Estate
Key Realty LTD-Brett Young
Call/Text: 216-703-5740
Website: https://www.clevelandincomerealestate.com/
Stats: https://realincomeproperties.blogspot.com/
YouTube: https://www.youtube.com/@BrettYoungCashflowhomes

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