Creating More Profit for our Clients:18505 Ponciana

We purchased this property for $90,000 in February 2021. Rehab was $11,100 for a total of $101,100 invested.
Let's' Look at the Approx numbers on this property.
Rent $1100 Tax $103 Insurance $60 PM $88 Net $849 x 12 Months = $10,188

We added a little money to update $2000
The next tenant moved in and has been there ever since May 2021. Let's look at the approx income

Rent $1200 Tax $142 Insurance $60 PM $92 Net $906 x 15 Months = $13,590

The rent was raised to $1250 a month in Oct 2022 Let's look at those approx numbers

Rent $1250 Tax $199 Insurance $60 PM $100 Net $891 x 12 Months = $10,692

The lease was raised to $1300 a month in 2023 Let's look at the approx numbers

Rent $1300 Tax $200 Insurance $60 PM $125 Net $915 x 10 Months = $9,150

That is a total of $43,620 in net proceeds. During the last almost 4 years a approx total in repairs $4500 (Part of this is a new heater) making the Approx Net $39,120

Let's look at the approx value from the MLS is $199,000.

That gives this client approx $98,000 in equity + $39,120 in approx rental proceeds

The grand total is $137,120 Approx Blended Return

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