Acquisition Summary
Property Detail: 3BR 1BA, 1,141 sq ft
Acquisition Date: September 13, 2024
Purchase Price: $10,000
Repair Quote: $55,000
Total Investment: $71,913
Projected ARV: $90,000
Projected Rent: $1,100–$1,200
Cash-on-Cash Return Target: 9.03%
Acquisition Summary:
Property Detail: 3BR 1BA Brick
Acquisition Date: August 30, 2024
Acquisition Price: $45,000
Capital Expenditures: None for now
Current Rent: $700
Future Rent: $900
As Is Value: Approx. $60,000
Acquisition Summary:
Property Detail: 3BR 1BA Brick Ranch
Acquisition Date: August 30, 2024
Acquisition Price: $45,000
Capital Expenditures (CapEx): $30,000
Potential Rent: $1,000
After Repair Value (ARV): 95,000 (conservative)
Some of the challenges that Detroit residents face are the lack of suburban comforts, such as access to good public schools and fresh food supermarkets. While the City of Detroit is nowhere near a food desert, the MTAM acquisitions team always looks for prime areas with better access to resident amenities.
This property is located near 8 Mile Road, just south of the Charter Township of Royal Oak.
Update: October 1, 2024
In just one month since acquisition, the property is already listed for rent. This quick turnaround demonstrates our ability to create value rapidly and capitalize on our in-house expertise.
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Acquisition Summary:
Property Detail: 3BR 1.5BA Bungalow
Acquisition Date: August 30, 2024
Acquisition Price: $65,000
Capital Expenditures (CapEx): $35,000
Potential Rent: $1,200
After Repair Value (ARV): 150,000
