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This property was remodeled for $8090 after over 3 years and the rent was raised to $1500 a month and leased in just 10 days. Happy Investor
Letโs look at the new Approx Numbers
Rent $1500 Tax $200 Insurance $60 PM $125 Net $1115
Now the owner can enjoy even more monthly income
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Click here to View After Pictures
We purchased this property for $90,000 in February 2021. Rehab was $11,100 for a total of $101,100 invested.
Letโsโ 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.
Letโs look at the approx income Rent $1200 Tax $142 Insurance $60 PM $92 Net $906 x 15 Months = $13,590