SFR Acquisition #25 – 15765 Ward; How To Turn $5,000 Into $100,000
Investment Summary:
We closed on this property on 2025-03-18. This is our second acquisition on Ward, See details for our first, 16502 Ward.
SFR Acquisition #24 – 15832 Prevost, Vetting Existing Tenants is Our Favorite Game
Investment Summary:
Subject Property had a tenant that was vetted by our property manager prior to purchase. The initial Cash-on-Cash returns subject to property tax revision next year is projected at a highly respectable 10.8%. The acquisitions team places the sitting equity to be around 40% as-is.
SFR Acquisition #23 – 18445 Steel, An All-Around Winner in Our Favorite Block, With a Cash-On-Cash Return Starting at 13.7%
Investment Summary:
This sits on one of our focal concentrated areas, very close to our other successful acquisitions such as 16725 Murray Hill, 18239 St. Marys, and 18951 Lauder.
SFR Acquisition #22 – 16725 Murray Hill; How We Outperform the Competition
Investment Summary:
This was a value-add property in deteriorated condition — the proverbial “ugliest house on the street.” Our rehab team turned it into a cash-flowing rental exceeding underwriting expectations in under three months, even in the middle of a Michigan winter. The home leased within two weeks of repair completion, validating both our underwriting assumptions and confidence in the neighborhood.
Initial ROI expectations are approximately 9.9%, pending property tax adjustments under new ownership. Full rehab projects have become, and remain, extremely costly in the post-pandemic era. In this particular project, this has lead to a lower equity capture than we typically target.
The strength of this acquisition lies in the area’s strong desirability, consistent rental demand, and the advantage of our on-the-ground presence. As a fund with long-term focus, we remain optimistic that this property will deliver value as the area’s home prices and rents appreciate into the next few years.