Value Add with proven results
2 Replies
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Jamal L. Investor from Baltimore, Maryland
posted 4 months agoLatest Turn-over with upgraded basement to add value with our unique approach to optimizing residential Income! The Basement cost roughly $16.5k to be waterproofed and finished as a separate unit to itself and will bring in an additional $750 a month $9k a year. In addition to the $1800per month $21.6k yearly the unit is already making! Our investor is scheduled to amass 30k in gross income for a residential property with our strategy in place. There is nothing more satisfying than seeing the pockets of your investors grow as you deliver on your promise and the trust and relationship blossom even greater.
| Monthyl Rental Income | Gross Scheduled Income | Vacancy Allowance | Gross Operating income |
| $2,500.00 | $30,000.00 | $3,750.00 | $26,250.00 |
| Expenses | Annual | Monthly | |
| Mortgage | $- | ||
| Taxes | $800.00 | $66.67 | |
| Insurance | $990.00 | $82.50 | |
| Maintainence | $1,000.00 | $83.33 | |
| Alarm system | $- | ||
| Water | $1,500.00 | $125.00 | |
| Lawn/ Snow | 0 | ||
| WiFi | $750.00 | 62.5 | |
| Trash removal | |||
| Advertising | $- | ||
| Licenses | $30.00 | $2.50 | |
| Legal fees (evictions) | $- | ||
| Cable | $- | ||
| Electricity | $2,400.00 | $200.00 | |
| Property Management | $ | ||
| Total Expenses | $7,470.00 | $622.50 | |
| Net Operating Income | $18,780.00 | $18,780.00 | |
| Net Operating Income Monthly | $1,565.00 | ||
| Number of years to pay off | 2.47 | ||
| Return On Investment | 40% |
James Maradits Investor from Cleveland, Ohio
replied 4 months agoAwesome! I've been looking into doing this at my primary residence to use as a vacation rental.
Jamal L. Investor from Baltimore, Maryland
replied 4 months agoHey James, good to hear it will definitely pay for itself within a few years and also give your residence added valve for having an finished basement.
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