Investment Summary
This property is part of the 29 Pack Portfolio acquired in 2025, where standardized pricing allowed the fund to secure cash-flowing assets at an attractive basis.
15736 Appoline is currently performing at approximately $900 monthly rent, with underwriting assumptions supporting stable cash flow of roughly $398 per month. While returns are more conservative relative to some assets in the portfolio, the deal benefits from a low basis and consistent income.
This property was acquired with a strong equity position of 38%. The tighter cash flow profile is primarily driven by higher taxes, which creates a tradeoff between strong equity and yield, but still supports a solid overall investment case.
Property & Condition Overview
The property is a 3-bedroom, 2-bath single-family home with approximately 1,492 square feet of living space.
It sits on a solid brick block and features a larger-than-average layout, including a colonial-style design with additional living space off the back. The home includes a 2-car garage and full bathrooms on both levels.
Location & Accessibility
- 4 minutes from a nearby CVS
- 10 minutes from DMC Sinai-Grace Hospital
- Surrounded by markets such as Greenfield Market and multiple restaurants within a 5 minute drive
The property benefits from a convenient and well-supported location, supporting tenant demand and long-term occupancy stability.
Valuation & Market Position
- Zillow Estimate: $86,500
- Internal Valuation: $86,300
- Equity Capture: 38%
The property benefits from a favorable basis relative to surrounding market values, reinforcing both downside protection and long-term upside potential.
Comparable Sales
- 15896 Hartwell Street sold for $138,000
- 15838 Hartwell Street sold for $158,000
These comparable nearby sales further support the valuation. Overall, Appoline represents a balanced investment with strong equity, stable income, and long-term appreciation potential despite a tighter cash flow profile.