Generating Income from Real Estate Assets: 3801 Russell Parma Ohio
21 days ago
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This property was purchased in Jan 2019 for $70,000 and the rehab was $2,000 for a grand total of $72,000. This was a tandem 3 bedroom home meaning you had to go through one bedroom to get to the other...still a great deal.
Total invested $73,100
Approx net lease proceeds $17,372 The home sold for $114,900 Seller credited $3000 after all closing cost the seller netted $100,055.13
Let's look at that approx net profit.total cost $100,055.13-$73,100= $26,955 approx net on sale
$26,955+17,372= $44,327 Approx Total net profit
Call me (Brett) 216-703-5740 Key Realty or Property Management
Let me get your income real estate done correct..
1200+ and counting
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