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Thursday 18 January 2024

Cleveland Real Estate Market News VOL 01/19/24

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SPECIAL ARTICLE:Check out the Results of an Investor that purchased 3 Income Homes with us and the Results

 

Does Buying Multiple Residential Real Estate Work? 5507 Lavern Property #1

This property was purchased in 2022 for $145,000 and no rehab. The property today is worth Approx $185,000.



Let's look at the rent? The first rental rate was Sept 1st 2022 for $1400


Approx Rent Numbers 2022

Leased $1400 Tax $160 Insurance $60 Property Management $125 Net $1055 or $12,660


The tenants renewed there lease for another year @ $1450 a month 

 

Leased $1450 Tax $160 Insurance $60 Property Management $125 Net $1105 or $13,260




That's a approx net of $18,185 and a approx equity position of $40,000+ 


Let's go to next video on this channel 1219 Commonwealth


Need more income and consistent income call me (Brett) 216-703-5740 Fathom Realty 


I partner up with Avalon Group Realty to do all the property management


Call Lori 440-695-3379


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How do 3 Residential Income Properties Stack up? 1219 Commonwealth Property #2

This property was purchased in 2022 for $145,000 and no rehab. The property today is worth Approx $185,000.

Let's look at the rent The frist rental rate was Sept 1st 2022 for $1400

Approx Rent Numbers 2022

Leased $1400 Tax $160 Insurance $60 Property Management $125 Net $1055 or $12,660

The tenants renewed there lease for another year @ $1450 a month

Leased $1450 Tax $160 Insurance $60 Property Management $125 Net $1105 or $13,260

The original tenant we placed and has stayed in the property 17 months and paid rent on time.

That's a approx net of $18,185 and a approx equity position of $40,000+

Let's go to next video on this channel 1219 Commonwealth

Need more income and consistent income call me (Brett) 216-703-5740 Fathom Realty

I partner up with Avalon Group Realty to do all the property management

Call Lori 440-695-3379

 
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How Residential Income Real Estate can Work 2015 Baxterly #3

This property was purchased in 2022 for $162,000 and rehab $18,500. The property today is worth Approx $289,000.

Let's look at the rent? The Second rental rate was Aug 1st 2022 for $1700 in 18 Days

Approx Rent Numbers 2022

Leased $1700 Tax $365 Insurance $60 Property Management $125 Net $1150 or $13,800

The original tenant we placed and has stayed in the property 18 months and paid rent on time.

That's a approx net of $20,700 and a approx equity position of $100,000+

There you have it Clean Homes Consistant Income

 

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