What Kind of Rate Can You Expect on Rental Properties ?

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 Young 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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