That's how real money is made in Income Real Estate
.jpg)
This Property was leased in 5 days Jan 2026 and the rent was lifted to $1600 a month which is $1200 a year for this client. We added $5450 in updates including reflooring the entire home with Luxury Vinyl
Click here for Before pictures
This property was purchased April 2023 for $106,000 and rehab $10,675 for a total of $116,675. This property was leased in May 2023 in 8 days for $1350 a month. Let's look at the returns Net lease deposits after taxes, insurance and Property management
2023 $5,925
2024 $7,751
2025 $5,132
Total $18,808 Net
That means the 1st tenant stayed for 16 months and paid their rent on time and took care of the property. We had to add $2200 in the property to get it back on the market. Quality tenants create easier income and less money out of our clients pockets.
The new lease on this property was from am existing tenant that has stayed in a property for over 4 years and wanted to stay with our property management. The relationship with the tenants and being consistent on keeping our properties nice really creates income for our clients. We also got another $150 a month or $1800 a year.
Let's look at the new approximate numbers. Lease $1500 Tax $222 Insurance $60 P/M $125 Net $1093 or $13,116 a Year
Approx net worth $175,000
Let's look at the Approx numbers now
Worth $175,000-$116,675 (cost of home and rehab) - $7,650 rehab to lease = $50,675 Approx Equity $50,675 + $18,805 Net proceeds from rent = $69,480
Need Real Estate that is Profit Ready and in already established areas?
Call me (Brett) 216-703-5740 Key Realty and
Property Management
.png)
.png)
.png)
