SFR Acqusition #17 – Section 8 Rental with High Growth Potential: 18239 St. Marys, Detroit
usarei • December 12, 2024
- Stabilized Rent Potential: Rental increase to $1,200/month is expected after Section 8 adjustment.
- Value Growth: Area appreciation and low purchase price support ARV estimate of $110,000.
- Strategic Location: Proximity to key amenities and major employment hubs.
- Comparable homes in the area range from $105,000 to $160,000, depending on size, condition, and updates.
- Recent sales indicate strong demand, with a median value in the neighborhood of $94,000 (48235 zip code appreciated 10% last year).
- Location Benefits:4 minutes to DMC Sinai Grace Hospital.
- 5 minutes to major retail: Home Depot and Glory Super Market.
- Nearby Greenfield Market offers larger fresh food options.
- Management Familiarity: The property manager has extensive experience in College Park, managing multiple properties in the area.
- Strong Appreciation: The zip code 48235 appreciated 10% last year, outperforming Detroit’s overall property appreciation rate.
We at Mutual Trust Management Advisory LP offer our investors a long term residential real estate investment opportunity with an aggressive outlook as per below. 8% Annual Preferred Return to our investors. A Target Total of 10 to 16% Annual Returns The difference will be split by investors and general partners. Many real estate investors […]
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Investment Summary: 11653 Sussex Property Overview Address: 11653 Sussex Street, Detroit, MI 48227 Purchase Price: $70,000 Estimated After Repair Value (ARV): $110,000 CapEx (Capital Expenditure): $15,000 (maximum) Rent Potential: $1,200/month (currently at $950) Square Footage: 1,169 sqft Year Built: 1940 Lot Size: 40 x 108 ft (0.099 acres) Property Taxes (2024): $1,822.40 Zoning: R1 (Residential […]
The post SFR Acquistion #18 – A Solid Investment in A Brick Area – Rented with Upsides! first appeared on Diary of a Real Estate Fund Manager .
1000 Merton is a 20-unit, 70%-occupied multifamily property located near the entrance of Palmer Park, just off McNichols Road. The property is part of Detroit’s Palmer Park Apartment Buildings Historic District. The area has undergone numerous successful revitalization efforts during the past decade. The latest development has been created through the contributions of Detroit’s […]
The post PRIME VALUE-ADD POTENTIAL IN PALMER PARK: 1000 MERTON, DETROIT, MI 48203 first appeared on Diary of a Real Estate Fund Manager .
Post-Purchase Update: This property was approved for $1,500/mo., starting January 1, 2025. Investment Summary: 18951 Lauder, Michigan 48235 Property Overview Type: Single-Family Residence Size: 2,596 sq ft Year Built: 1952 Bedrooms: 4 Bathrooms: 1.5 Neighborhood: College Park Lot Size: 50 x 128 ft Financials Purchase Price: $135,000 Current Rent: $1,000/month (tenant contributes $130/month directly, increasing […]
The post SFR Acqusition #15 – 18951 Lauder Street; Exceptional Growth Potential, Exceptional Rents first appeared on Diary of a Real Estate Fund Manager .
Property Overview Address: 3607 S B Street, Detroit, MI 48217 Neighborhood: Detroit – Boynton Property Type: Single-Family Residence Year Built: 1945 Size: 872 sq. ft. with a 280 sq. ft. garage and an 864 sq. ft. basement Lot Size: 0.095 acres (39 ft x 106 ft) Purchase Price: $65,000 Area Characteristics 3607 S B. Street […]
The post SFR Acqusition #14 – 3607 S. B. Street Zero-CapEx Gem with Extra-High Cash Flow! first appeared on Diary of a Real Estate Fund Manager .
Acquisition Summary Property Detail: Single-family home, 1,152 sq ft, 1BA Acquisition Date: October 4, 2024 Purchase Price: $45,000 Repair Estimate: $10,000 (roof and exterior work) Total Investment: $55,000 Projected ARV: $80,000 Current Rent: $1,200/month (good tenant) Estimated Future Taxes: $2,316/year (adjusted based on SEV for non-homestead property) Located in the Five Points area of Detroit, […]
The post SFR Acqusition #13 – 19944 S. Street Rented At $1,200 A Month first appeared on Diary of a Real Estate Fund Manager .
This single-family residence in the College Park neighborhood offers immediate stability and strong cash flow rather than a typical value-add project. Key highlights include: Purchase Price: $75,000 – an exceptionally low entry point relative to the market. Capital Expenditures: Minimal or none required ($5,000 or less anticipated). ARV: $150,000, indicating significant inherent value. Rent: $1,150/month, […]
The post SFR Acqusition #12 – 18037 R. Acquired with a Renter, Raised to $1,000 Immediately! first appeared on Diary of a Real Estate Fund Manager .
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