Exceptional Results in Our Real Estate System: 1407 Craneing

This property was purchased on Aug 2021 for $95,000 and we did rehab was $12,000 for a total of $107,000

This property has had only 1 tenant and started leasing this property Oct 1st 2021 so this tenant has been in this property for 31 months

Let's look at the Approx Numbers

Lease $1250 tax $133 Insurance $60 P/M $125 net $932 x 12 months $11,184

We raised the rent to $1325 in Oct 2022 let's look at the approx numbers for this rent

Lease $1325 tax $242 Insurance $60 P/M $125 net $903 x 21 months $18,963

The Lease was raised to $1350 a Month in July 2024 Let's look at those approx numbers

Lease $1350 tax $242 Insurance $60 P/M $125 net $928 x 1 month $928

There has been approx $500 in repairs on this home.

Let's look at the approx total net rent collected $31,705

With the $500 in repairs the approx total in this property is $107,500

This properties value is approx $175,0000

Just another awesome property purchased in our real estate system

Call me (Brett) 216-703-5740 Key Realty and Property Management

Better Properties exceptional results

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