56 Month Tenant proves Homes make better Investments
This property was purchased from a wholesaler and then there were issues in getting the property ready. They paid Approx $72,000 and added $12,000 in rehab for $84,000
The owner was a friend so I advised a new Garage on this property which they did and updated a bit.
We leased this property in August 2020 for $1050 a month. Very small 1 bathroom home but it produces. The rent has increased over the years and the same tenant has been in this property since Aug 2020 or 56 Months
Let's look at the Approx Net Deposited in the owners account. After Property Taxes, Insurance, repairs and Property Management
2020 $ 2,630
2021 $ 9,552
2022 $11,058
2023 $ 5,623
2024 $ 6,468
2025 $ 2,821
Total $38,152 Deposit in this Clients bank Account
Let's look at the Approx return on this property so far
Worth $160,000 Purchase + rehab $84,000 $20,000 need to update makes the equity
$56,000 Equity + 38,152 (rental income) = $94,152 or a 22% Return
No headaches, just income producing real estate with an equity kick!
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NEED REAL ESTATE THAT PROFORMS? Call me
See our results @ https://realincomeproperties.blogspot.com/
How we Buy Investment Real Estate
How do we get our real estate for our clients? Watch this video Then Contact Brett 216-703-5740 Key Realty and Property Management NEED REAL ESTATE THAT PROFORMS? Call me
See our results @ https://realincomeproperties.blogspot.com/
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Raising rents with this poorly Managed Property
Getting Better rents with a Professional Property Management don't believe me?
Check out our Clients numbers @ https://realincomeproperties.blogspot.com/
Want Great Property Management
Contact Brett 216-703-5740 Key Realty and Property Management
1200+ Properties and a 99.5% Success Rate
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Why Residential Real Estate May Be the Smartest Investment
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I like to update our real estate income as we go. This property has the same Tenant that has been there for 37 months and is a great tenant
Check out the information below. We also replaced the water heater this year in this home. This property just keeps pumping Income.
Getting Consistent income is really every investor's dream. Having income every month has a better chance. This home in Lyndhurst is a perfect example of consistent income and growing equity. Over the years rental amounts have gone up over the years. Let's look the approx numbers 2020 tenant moved in Feb net $9115 2021 tenant moved out oct net $8141 2022 tenant moved in Jan 2022 Net $8571 2023 Net $10,174
2024 Net $8,349
2025 Net $1,644 Total rental income $45,994 We purchased the property in 2019 for $80,000 with $10,000 rehab and today that property is worth approx over $220,000. Let's look at the Approx Returns on this home. Approx Equity $130,000 + $45,994= $175,994 The return is Still approx 39% return. Need Good consistent income and equity? 2 tenants Call me (Brett) 216-703-5740 Key Realty or WhatsApp me
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NEED REAL ESTATE THAT PROFORMS? Call me
See our results @ https://realincomeproperties.blogspot.com/
