Acquisition #48 – 17/29 Pack: 13418 Kilbourne: Projecting 17% Cash-on-Cash in Year One
Investment Summary
This property is part of the 29 Pack Portfolio purchased in the summer of 2025. The standard purchase price assigned is $52,000, with $5,000 allocated toward capital improvements, bringing the total basis for the asset to $53,510.
At acquisition, the property was rented for $625/month. It now generates $1,525 in monthly rent, representing a strong income profile relative to its entry basis. Our property managers are typically able to underwrite and reach an agreement with the tenant during the pre-purchase walk-through, an ability most landlords lack.
The asset contributes meaningful performance to the portfolio, with a projected 17% cash-on-cash return in year one following the rent adjustment (not adjusted for items such as tax hikes).
Property Overview
- Purchase Price: $52,000 (standardized from the portfolio purchase)
- Capital Expenditure Planned:$5,000
- Total Basis: $53,510
- Original Rent:$625/month
- Current Rent:$1,525/month
- Square Footage: 938~ sq ft
- Bedrooms / Bathrooms: 2 bed / 1 bath
- Construction:Brick
Neighborhood Analysis
- Located in Detroit’s Eden Gardens area, right across from East English Village and Grosse Pointe
- Situated along the I-95 corridor with easy freeway access
- 5-minute drive to Tim Hortons along East Warren Avenue
- 6-minute drive to Grace Supermarket
- Directly across from the family-friendly Chandler Park
Comparable Sales
Our realtors’ comparable sales list shows:
- 14274 KILBOURNE Street, Detroit, MI 48213-1566 — sold for $49,500
Property values in this area remain in flux as of 2025–2026, and the team has assigned a conservative valuation accordingly; further supported by the fact that the current tenant has lived in the property for 8 years. While the market corrects itself, the fund holds an extremely high cash-flowing asset with solid bones.
Disclaimer
This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities in Mutual Trust Management Advisors, LP. Any offering of securities is made only to verified accredited investors pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. The financial projections, including estimated cash-on-cash returns and property valuations, are forward-looking statements based on current assumptions. These figures are not guarantees of future performance. Real estate investments involve inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
