How Should Income Real Estate Look Like?

This property was purchased in August 2021 for $95,000. We added $13,150 in rehab for a total of $105,150.We leased this property in Sept 2021 for 16 days for $1250 a month . This is the only tenant for this property and they are still there today 42 months later. No updating on this property going on 4 years which lets the income roll.

Let's look at the approx net rents that were deposited in this client's bank account so far.

2021 $ 1750
2022 $10,705
2023 $10,362
2024 $10,696
2025 $ 1,125 (Paid Property Taxes)

Total deposit in Owners Account $34,639

The Approx Equity adding a bathroom and updating ($20,000) is Approx $175,000

$175,000 + 34,636-105,150 (paid and rehab) -20,000= $84,486 Approx profit

That is approx 23% return on their investment.

Need properties that perform like this one?

Contact Brett 216-703-5740 Key Realty and Property Management