Bought off-market
01Acquired in Cleveland for $129,000 — a purchase price that already included the $21,500 full renovation. Scope agreed before a dollar moved.
Renovated in the price
02Our Cleveland crews took the property through its complete turnkey renovation — roof to floorboards, finished to government physical-condition standards for renting.
Refinanced at the new value
03Appraised at $160,000 after works — a +$31,000 net equity gain, 24% over cost. At 70% cash-out, the investor had $108,810 returned.
Still earning today
04$21,190 of invested equity remains inside a $160,000 asset — generating $26,400 gross, $10,152 net, every year.
48%
48% net ROI on invested equity — recovered at refinance, one Cleveland
renovation, 2024.
BeforeAfter
Before and after — illustrative of the standard of finish in this case study.
“The investor recovered $108,810 at refinance against $129,000 invested — leaving $21,190 of net invested equity in a $160,000 asset, generating income every month.” Cleveland renovation project · completed transaction