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©2019 by L. Grace Properties LLC. - 17200 Mack Avenue, Grosse Pointe, MI 48230

Rental Portfolio Criteria:

After Repair Value * 65 to 75% minus Repairs

 

After Repair Value less than $200K

Purchase Price

8+% Cap Rate

Monthly Rent $1,000+

DSCR - 1.25+

Geography

Wayne County:  

 

Harper Woods, Grosse Pointes

 

Oakland County:  

 

Hazel Park, Madison Heights, Clawson, Southfield, Oak Park

 

Macomb County:

St. Clair Shores, Harrison Twp, Eastpointe, Mt. Clemens, Warren, Centerline

Deal Breakers

2 Bedrooms

Foundation Problems

Fire Damage

Fix and Flip

ARV * (65 to 75% minus Rehab)

ARV less than $425K

Return On Invested Capital > 20%

Geography

Grosse Pointe

Deal Breakers

Foundation Problems

Fire Damage

Purchase Price