Real Results from Real Investments
Transforming a Single-Family Home into a Profitable Rental Property
Client Background:
31, Mechanical Engineer
Challenges:
Limited knowledge of real estate investment, seeking passive income
Investment Details:
3-bedroom single-family home in Normal, Il
Actions Taken:
Purchased below market value, Fully furnished home, rented each room individually
Results:
Purchase Price: $200,000
Renovation Cost: $3,000
Monthly Rent: $2,400
Annual Cash on Cash ROI: 13%
Client Testimonial:
"Impakt Management did a great job making me feel comfortable throughout the entire process. I learned a lot from them and would recommend any first time investors to seek out their advice!"
Client Background:
35 & 36, Pharmacist & Program Manager
Challenges:
Wanted to diversify investment portfolio with real estate
Investment Details:
3 bed 2 bath condo in Normal, Il
Actions Taken:
Improved property management, optimized rental rates, conducted minor renovations
Results:
Purchase Price: $132,000
FMV: $157,000
Renovation Cost: $4500
Monthly Rent: $1600
Annual Cash on Cash ROI: 16.8%
Equity position: $25,000
Client Testimonial:
"Impakt Management provided the expertise we needed to make a sound investment. Their professional approach and transparency gave us confidence in our decision to partner with them."
Client Background:
30, Vice president Program Management
Challenges:
New market experimentation, and trial
Investment Details:
3 bed 1 bath Greensboro NC
Actions Taken:
Cleaned up property, hired new property managers, rented it out at market rate and held for 3 years
Results:
Purchase Price: $72,000
Sold Price: $135,000
Renovation Cost: $6,500
Initial investment: $22,500
Annualized ROI over 3 years: 51%
Client Testimonial:
"This market appreciated more than expected and we made the decision to exit and take the cash to fuel more investments. Best $30K we spent ."
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