SFR Acquisition #46 – 15/29 Pack: 15757 Monte Vista, 46% Equity from Day One!

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

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:

1. 15363 BIRWOOD Street, Detroit, MI 48238-1641 — sold for $125,000
2. 15872 MONTE VISTA Street, Detroit, MI 48238-1012 — sold for $137,500