SFR Acqusition #16 8259 M. Street, Growth, Growth, Growth!

Investment Summary for 8259 M. Street
Location Overview:
Situated in the Aviation Sub neighborhood of Detroit, this property is positioned near the vibrant Dearborn community. Just a 4-minute drive from the Islamic Center of Detroit (ICD), it offers convenient access to culturally rich amenities, including Middle Eastern landmarks such as Qahwah House coffee shop and Arabic bakeries. The Arabic community in this area demonstrates significant growth potential, enhancing the neighborhood’s appeal for equity growth compared to Detroit’s broader population demographics.
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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)

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