SFR Acqusition #13 – 19944 S. Street Rented At $1,200 A Month

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, 19944 S sits near 8 Mile Road, the dividing line between Detroit, Southfield, and Farmington. The location benefits from nearby suburban retail offerings, such as a Sam’s Club in Southfield, and essential services like Corewell Health Farmington Hills Hospital. These conveniences add appeal to renters and potential future buyers.

Constructed in 1951, the property has 1,152 square feet of living space and a 768-square-foot basement. It is set on a lot measuring 45 ft x 133 ft. The home is in fair condition but requires immediate roof repairs as part of a planned $10,000 renovation to ensure tenant safety and maintain structural integrity.

Currently rented at $1,200 per month, the property provides steady cash flow. With manageable improvement costs, reliable rental income, and value appreciation potential, 19944 S. Street is another triumph by the Acquisition Team’s invaluable networks.

The post SFR Acqusition #13 – 19944 S. Street Rented At $1,200 A Month first appeared on Diary of a Real Estate Fund Manager.