Investment Summary
This property is part of the 29 Pack Portfolio purchased in the summer of 2025. The standard purchase price assigned is $52,000, including $5,000 allocated toward initial capital expenditures.
This particular property is currently generating $750 in monthly rent, with no adjustment needed to reach projected stabilization. This allows for immediate cash flow from day one without reliance on rent growth assumptions.
Property Overview
- Purchase Price: $52,000 (standardized from the portfolio purchase)
- Original Capital Expenditure Planned: $5,000
- Original Rent: $750/month
- Projected Rent: $750/month (no change required; already at stabilization)
- Square Footage: 1,319 sq ft
- Bedrooms / Bathrooms: 3 bed / 1 bath
- Tenant: Long-term occupant of approximately 8 years
Neighborhood Analysis
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The property is conveniently located within close proximity to key amenities:
- 6-minute drive to Greenfield Market
- 5-minute drive to DMC Sinai Grace Hospital
- 5-minute drive to Home Depot, supporting everyday accessibility and tenant convenience
Comparable Sales
The property had a Zillow estimate of $105,200 at the time of purchase. After costs, this represents a potential equity position of approximately $48,200 (46%).
Our realtors’ comparable sales list shows:
- 15363 BIRWOOD Street, Detroit, MI 48238-1641 — sold for $125,000
- 15872 MONTE VISTA Street, Detroit, MI 48238-1012 — sold for $137,500