Investment Summary
5916 Lakepointe is part of the 29 Pack Portfolio acquired in 2025, with a standardized purchase price of $52,000 and a total projected basis of approximately $60,000 after closing costs and planned capital expenditures.
Investment Summary
The asset is part of the 29 Pack Portfolio, with a standardized purchase price of $52,000. It stands to generate a cash flow of approximately $519 per month, with an estimated 10%~ cash-on-cash return at full occupancy during the first year.
The property is located in the Morningside neighborhood of Detroit, an area composed primarily of brick single-family homes and stable residential blocks. It is right next to East English Village and Grosse Point. Recent market data suggests the average home price in the area is now approaching $100,000, which supports the long-term value potential of the investment.
This single-family property was acquired for $52,000, with a projected total basis of approximately $72,010 after counting in closing costs and initial improvements. This acquisition captures an estimated equity of 39%.
