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.
At the time of acquisition, the property was underwritten at $1,000 per month in rent, which aligns with market rents for similar homes in the surrounding area. The renter is on Section 8, which expands the tenant pool and provides access to stable, government-backed rental payments. With steady rental demand, the property is expected to perform well as a long-term income-producing asset.
This property is a brick four-bedroom, one-bath home with approximately 1,179 square feet of living space. The home benefits from durable brick construction and a spacious layout that appeals to families seeking rental housing.
Comps:
5200 WAYBURN Street Detroit, MI 48224-3037 – Sold for $87,000
5267 N THREE MILE Drive Detroit, MI 48224-2641 – Sold for $110,000
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.