What Kind of Rate Can You Expect on Rental Properties ?
This property was purchased from a real estate agent before it was listed for $105,000 in June of 2021. The rehab was Approx $15,000 for a total of $120,000.
This property was leased for $1200 a month with an existing tenant already living in the property and wanted to stay.
The rent has been lifted every year the tenant has lived in the home. This home has had only 1 tenant for 4 1/2 years.
Let's look at the net rents that deposited in this clients account
2021: $ 7,350
2022: $ 10,427
2023 $ 10,963
2024 $ 11,014
2025 $ 8,676
Total amount deposited in owners account so far $48,430
Let's look at the approx value of this home $225,000
$225,000- $120,000 (purchase and rehab) - $25,000 (added value updates) = $80,000 approx equity.
$80,000 (Approx Equity) + $48,420 (Net rent deposited) = $128,420
That is a 24% return on this client's money so far!
Let's Talk
Contact Brett 216-703-5740 Key Realty and Property Management
Mega Million Dollar Producer and Award Winning Realtor 1200+ Properties and counting Go to https://realincomeproperties.blogspot.com/ to view what our clients make with our real estate Need Property Management? Go to https://pmohio.org/
Go to https://www.clevelandincomerealestate.com/ for my Blog
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Five Questions to ask before Investing in Real Estate
Go to https://realincomeproperties.blogspot.com/ too see how much we make our clients
Contact Brett 216-703-5740 Key Realty and Property Management Mega Million Dollar Producer and Award Winning Realtor 1200+ Properties and counting Need Property Management? Go to https://pmohio.org/ Go to https://www.clevelandincomerealestate.com/ for my Blog
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Why I have not met most of my clients in person
Buying Investment/Income real estate out of an area can cost a lot in travel. You have your airline tickets and all the fun that is getting to wait in line and get to the plane.
Then you have to pay for a place to stay and food! That takes all the fun of getting out of town! It also cuts into your profits by thousands of dollars,
Watch this video and see a better way to get your real estate finished without even ever coming to town. Get a great partner!
Contact Brett 216-703-5740 Key Realty and Property Management
Mega Million Dollar Producer and Award Winning Realtor
1200+ Properties and counting
Go to https://realincomeproperties.blogspot.com/ to view what our clients make with our real estate
Need Property Management? Go to https://pmohio.org/
Go to https://www.clevelandincomerealestate.com/ for my Blog
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