SFR Acquistion #19 – 19352 Westmoreland off 8 Mile, Saving Big on CapEx!

Investment Summary:

The simple ROI expectation on this property is 9%.  The Team was able to save approximately 20% on the original cost to repair.  We estimate a conservative 30% equity growth out of the project.

Property Overview

Address: 19352 Westmoreland Rd, Detroit, MI 48219

• Purchase Price: $65,000
• Estimated After Repair Value (ARV): $135,000
• CapEx (Capital Expenditure): $45,000
• Rent Potential: $1,200/month
• Square Footage: 1,029 sqft
• Year Built: 1949
• Lot Size: 40 x 112ft
• Property Taxes (2024): $2,402.23
• Zoning: R1 (Residential)

Neighborhood Analysis

• Location: O’Hair Park neighborhood
• Close to the 8 Mile Road that divides Detroit with its suburb Southfield, offering excellent access to many supermakets such as the walking distance Appollo, Save A Lot, Food Land and even Sam’s Club.
• Sits on a quite all brick road, the golden standard for Detroit housing
• Market Insights: The Zillow Home Values Index squarely placed this zip code to have appreciated over 6% YOY
• Proximity to amenities such as hospitals, pharmacies and restaurants

Comparable Sales

1. 19186 Sunderland Road Detroit, MI 48219-2714, Sold for $153,000.
2. 19366 PLAINVIEW Avenue Detroit, MI 48219-2740, Sold for $125,000.

Final Takeaways

This property was purchased on 2024-11-20, and we already have the numbers.

For value-add properties, repairs can often be the logistical nightmare. For us at Mutual Trust Management Advisors, LP, this is not the case and our projects are always on point.

For this particular property, our construction team especially outdid themselves. The final CapEx came to about $36,000, much less than the originally assigned $45,000. The Team was able to complete the rehab in February, and the property was rented for $1,150, very close to the originally underwritten rent target of $1,200, on May 1, 2025.

Zillow, in September 2025, showed this property valued at a Zestimate of $132,400. Zillow’s Zestimates are automated and should be treated as directional rather than definitive. When the reported purchase price is significantly below market yet the Zestimate is nearly double that amount, it suggests the purchase price was priced well below typical neighborhood sales — often a sign of either a great acquisition price or strong neighborhood demand, or both.

For detailed fixed up photos of the internals at the time of repair completion, please view our posting on Hotpads.