Investment Overview

6444 Westwood was acquired as part of the 29-property portfolio at a purchase price of $52,000. The original underwriting allocated $20,000 toward projected capital expenditures.

This was mostly for deferred maintenance work on the porch and steps; see photo from before the acquisition.

However, this is not a functionality issue, and the immediate costs are, for now, closing costs only ($1,100).

The property is currently generating $950 in monthly rent, providing stable income performance relative to its basis. The reduced renovation scope is, for now, contributing to improved operational efficiency and lower upfront capital deployment.

Property Overview

This 3BR single-family residence offers a practical layout suited for long-term tenancy and stable occupancy.

With minimal final capital expenditure required, the asset entered stabilization efficiently while maintaining reliable rental performance.

Location

Located within Detroit’s Warren community, the property benefits from access to a wide range of everyday retail, grocery, and dining conveniences that support long-term tenant appeal and neighborhood functionality.

Nearby access include:

• The Islamic Center of America
• Ever Fresh Market Halal
• Walmart Supercenter

All within under 10 minutes of driving distance. Warren has become a very popular destination due to its proximity to Dearborn.

Closing Perspective

6444 Westwood represents an efficient acquisition within the portfolio, supported by strong execution and stable in-place rental income.

The underwriting expected the property to net about 6% COC, however, due to the nature of the CapEx, we are, for the beginning year, seeing a much higher 10+% ROI for now.

Comparable Sales

6825 PLAINVIEW Avenue, Detroit, MI 48228-4940. 3Bd, 2ba, 928 sqft: Sold for $115,000.

6108 PIEDMONT Street, Detroit, MI 48228-3949. 2bd, 1ba, 852 sqft: Sold for $128,000.