SFR acquisitions – Diary of a Real Estate Fund Manager

Diary of a Real Estate Fund Manager > SFR acquisitions

SFR Acquisition #39 – 8/29 Pack: 4660 Devonshire Rd, 30% Equity, 10% Cash On Cash in the desirable Morningside Area!

2026.03.29

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.

Purchase Price: $52,000
Total Basis: $62,010
Projected CapEx: $10,000
Rent at Acquisition: $725
Projected Rent: $900
Estimated Monthly Cash Flow: $519

SFR Acquisition #38 – 7/29 Pack – 5203 Beaconsfield, Right By Grosse Point!

2026.03.13

SFR acquisitions

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.

SFR Acquisition #37 – 6/29 Pack – 6260 Piedmont St, Detroit, MI, Amazing Location=Great Equity!

2026.03.13

SFR acquisitions

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%.

SFR Acquisition #35 – 5/29 Pack – 19134 Greenlawn Street, Another Bagley Acquisition With $100,000 Equity

2025.11.10

SFR acquisitions

Investment Summary

This property is part of the 29 Pack Portfolio purchased in the summer of 2025. The standard purchase price assigned is $54,000, including related costs.

Our property managers were able to raise the rents as we projected right after the closing. The property shows a 17% cash-on-cash return based on first year’s property taxes.

The home is in the highly-coveted Bagley area, 4 minutes’ drive from the other Greenlawn property from this same Pack, and our evaluations show mid-$100,000 to be a realistic comp. Zestimate suggests $132,000 in November 2025. If we take this lower number, it still means we procured $80,000 worth of equity by picking this property as part of the Pack.

The area is quite desirable to the point where property taxes are very high, and the team will watch to see if the property taxes become prohibitive for a long-term hold.