SFR Acquisition #47 – 16/29 Pack: 13313 Robson, 7.5% CoC 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, acquired on August 15, 2025, with $10,000 allocated toward capital expenditures. After closing costs, the basis for the property started at $53,510.

At acquisition, the property was generating $650 in monthly rent, which is under market. The acquisition team was able to speak with the tenant and negotiate a raise to $850 immediately before closing. This streamlined process provides a clear path to improved income while maintaining conservative underwriting assumptions.

The asset is expected to deliver consistent cash flow supported by stabilized rent and disciplined expense projections. While $850 remains below market, the tenant has committed to a longer-term stay, meaning the fund will not be incurring undue capital expenditures in the near term. The original projected cash-on-cash return on this property starts at an impressive 7.5%.

Our partner who leads the acquisition team personally visits and vets every property acquisition; see the photo above from the visit.

Property Overview

• Purchase Price: $52,000 (standardized from the portfolio purchase)
• Basis After Closing Costs: $53,510
• Capital Expenditure Planned: $10,000
• Original Rent: $650/month
• Negotiated Rent (pre-closing): $850/month
• Projected COC Return: 7.5%
• Square Footage: ~955 sq ft
• Bedrooms / Bathrooms: 3 bed / 1 bath
• Construction: Brick

Neighborhood Analysis

• Located in the Schoolcraft Southfield area, on a stable residential block
• 2-minute drive to Food Giant
• 4-minute drive to Imperial Fresh Market
• 10-minute drive to Meijer on Grand River Ave, providing convenient access to suburban shopping for tenants

Comparable Sales

Our realtors’ comparable sales list shows:

1. 13209 TERRY Street, Detroit, MI 48227-2570 — sold for $80,000