Faster Income Faster Profit W/Homes

We purchased this property in January 2021 and Leased in April 2021

Look at the Fast Income and Details:

- Property purchased in February 2021 for $90,000, with an additional $11,100 invested in updates.

- A $8,090 remodel after 3 years resulted in a rent increase to $1500 per month, leading to a quick leasing in just 10 days. Happy Investor indeed!

Let's delve into the latest approximate numbers:

- Rent: $1500

- Taxes: $200

- Insurance: $60

- Property Management: $125

Acquired for $90,000 in February 2021 with $11,100 in renovations, totaling $101,100, this property has shown significant growth over the years. Here's a breakdown of the financial journey:

- Initial Rental Income: $1100

- Taxes: $103

- Insurance: $60

- Property Management: $88

- Net Monthly Income: $849

- Annual Income: $10,188

After investing an additional $2000 in updates and welcoming a new tenant in May 2021 at $1200 rent, the numbers evolved:

- Revised Rental Income: $1200

- Taxes: $142

- Insurance: $60

- Property Management: $92

- Net Monthly Income: $906

- 15-Month Income: $13,590

Further raising the rent to $1250 in October 2022 led to these adjustments:

- Updated Rental Income: $1250

- Taxes: $199

- Insurance: $60

- Property Management: $100

- Net Monthly Income: $891

- Annual Income: $10,692

With a subsequent increase to $1300 in 2023, the latest figures show:

- Latest Rental Income: $1300

- Taxes: $200

- Insurance: $60

- Property Management: $125

- Net Monthly Income: $915

- 10-Month Income: $9,150

Considering total net proceeds of $43,620, including repair costs of approximately $4500 over nearly four years, the net income now stands at $39,120. The MLS estimates the property's value at $199,000, indicating an equity of around $98,000 alongside rental income.

The grand total reflects an impressive $137,120, with an approximate 30% blended return.

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

- Net Income: $1115
☑️ Important Links to Follow
- Learn Investment Real Estate: https://www.clevelandincomerealestate.com/
- Real Results in Real Estate: https://realincomeproperties.blogspot.com/
- Property Management Cleveland: https://propertymanagementcleveland.org/
- Leasing your Property: https://rentdirectpro.com/
- Streamline your social media: https://www.onlywire.com/dashboard/posts

🔔𝐃𝐨𝐧'𝐭 𝐟𝐨𝐫𝐠𝐞𝐭 𝐭𝐨 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐭𝐨 𝐦𝐲 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐮𝐩𝐝𝐚𝐭𝐞𝐬.
https://www.youtube.com/@BrettYoungCashflowhomes/?sub_confirmation=1

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📩 For business inquiries: by56083@gmail.com
☎️ Contact me directly at 216-703 5740.
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✅ About Brett's Realty “Key Realty” Group.

Welcome to Brett's Realty “Key Realty” Group! Are you ready to unlock real estate success? With over 24 years of experience and a track record of 1,200+ properties, I’m here to guide homebuyers, sellers, and investors through the real estate journey. On this channel, I share proven strategies to find the best deals, avoid scams, and master the core principles of investment success.

Licensed in Ohio and Arizona, I provide tailored expertise for buying, selling, relocating, or building your real estate portfolio. Whether you’re a first-time buyer or a seasoned investor, I aim to help you find more than just a home—it’s about achieving your goals.

For Business inquiries, please use the contact information below:

📩 Email: by56083@gmail.com

🔔 Hit subscribe and let’s build your real estate success story with proven strategies, best deals, investment principles, insider tips, and unmatched expertise!
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