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.
It is noted here that the existing rent of $600/mo. is below market for this house. We expect to be able to raise the rent to $850/mo, and while this is still below full market potential, the property is expected to cash flow at approximately 9% cash-on-cash return assuming first-year full occupancy.
The tenant is stable but because they may be unable to remain in the property if rents are increased too aggressively too quickly, we plan to take a measured approach by targeting $850/month and then reassessing timing for any further increases.
We like the location, the house, and the condition that it is in, and believe the equity capture of 25% alone is worth the acquisition.
Property Overview
The property is a three-bedroom, one-bath single-family home with approximately 939 square feet. It features a functional layout suitable for long-term tenants. Key systems such as the furnace and water tank are in solid working condition.
Attractive Location
- Location:Morningside neighborhood, near East English Village
- Close to the Henry Ford St. John Hospital (10 mins)
- Near established suburban amenities such as the Country Club of Detroit and Grosse Pointe Equestrian
- Convenient access to E Warren Street (5 mins) for many shopping options
Market Insights
Surrounding home values are approaching ~$100,000, with comparable nearby sales at $87,000 and $110,000.
Overall, the property is well-positioned within an established mostly-brick residential area supported by nearby employment centers, strong local amenities, and consistent rental demand. The combination of accessibility and surrounding market values reinforces both occupancy stability and long-term appreciation potential.
Comps
- 5267 N THREE MILE Drive Detroit, MI 48224-2641: Sold for $110,000
- 5200 WAYBURN Street Detroit, MI 48224-3037: Sold for $87,000
These comparable valuations reflect properties that are renovated to market-ready condition.
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.