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Brett Young
REALTOR®
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Real Estate by Brett Young Key Realty

 

The Real Goal of Rental Renovation The short answer: No. A rental property usually does NOT need a luxury rehab. In fact, in most investment situations, luxury renovations reduce your return on investment.

Successful rental property investors focus on durable, clean, functional improvements that attract quality tenants while protecting cash flow. When preparing a rental, the objective is not to create a luxury home.

The goal is to create a safe, clean, reliable property that rents quickly and holds up over time. Most tenants care about: Clean paint Updated flooring Functional kitchen and bathroom Reliable plumbing and electrical Safe neighborhood

Good property management They rarely pay significantly higher rent for high-end finishes.

Let's Talk Brett Young ? (216) 703-5740

Key Realty & Property Management Mega Million Dollar Producer ? Award

Winning Realtor ? 1200+ Properties and Counting ? See what our clients earn: https://www.cashflowrealtygroup.com/

#ClevelandRealEstate #RealEstateInvesting #RentalProperties #ROI #PropertyManagement #HouseFlipping #LandlordLife #RehabToRent #PassiveIncome #ClevelandInvestors #ValueAdd #RealEstateTips #ElitePerformance #ClevelandIncomeRealEstate #BrettYoung


 

Investment Real Estate Case Study 

This property was purchased in 2022 for $175,000 with approximately $5,000 in updates, bringing the total investment to around $180,000. Since the purchase, the property has performed extremely well both in rental income and appreciation.

Today, the estimated value of the property is approximately $295,000, showing strong appreciation in the Cleveland real estate market.

But appreciation is only one part of the investment story.

The real power of income real estate is the monthly rental income combined with long-term equity growth.

The property was first leased on August 1st, 2022 for $1,700 per month. The original tenant that we placed in the home stayed for 18 months and paid rent on time, which is exactly the type of tenant stability investors want to see.

After that tenant moved, the property was quickly leased again.

In December of 2022, a new tenant leased the property for $1,650 per month and continues to live in the home today.

Rental Income Deposited to the Owner

Here is the actual rental income that has been deposited into the client's bank account through our property management system.

2022: $8,200
2023: $11,550
2024: $8,700
2025: $11,262
2026: $2,200

Total Rental Income So Far: $39,912

Current Estimated Profit

Now let's look at the approximate profit on this investment so far.

Current Estimated Value: $295,000
Total Purchase & Rehab: $180,000
Estimated Closing Cost if Sold: $10,000
Estimated Future Rehab / Refresh: $15,000

Add the $39,912 in rental income received to date.

This brings the approximate profit so far to:

$129,912

That represents approximately an 18% return so far, while the investor still owns the property and continues collecting rent.

This is why many investors focus on buy-and-hold income real estate in strong rental markets like Cleveland.

The strategy is simple:

Buy the property right.
Place strong tenants.
Manage the property properly.
Allow rents and values to rise over time.

Handling the Entire Investment Process

Our team handles the entire investment lifecycle for many of our clients:

Finding the property
Analyzing the deal
Coordinating updates
Placing qualified tenants
Managing the property
Tracking income
Helping investors capture equity when they sell

Many of our investors live out of state or even internationally, so having a local professional who understands the Cleveland rental market and property management process is critical.


Let's Talk

Brett Young
? (216) 703-5740
Key Realty & Property Management

Mega Million Dollar Producer
? Award Winning Realtor
? 1200+ Properties and Counting

? See what our clients earn:
https://realincomeproperties.blogspot.com/


 

Cleveland investment property, Cleveland rental property case study, Ohio income real estate, Cleveland property management results, rental property ROI Cleveland, Cleveland real estate investor returns, buy and hold Cleveland real estate, Cleveland landlord income report, real estate appreciation Cleveland, income property Cleveland Ohio

 
 
 
 



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