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20254 Asbury Park Detroit, MI

Partnership Splits

Payment Split : 20% / 80%

Partnership Equity Split : 30% / 70%

Purchase Price + Rehab

# Expense Amount Expense Type Date added
1 $16,370.00 Property Purchase Price (including Closing Costs) 09/27/2017
2 $3,500.00 General Rehab Repairs 09/27/2017
3 $6,500.00 General Rehab Repairs 11/08/2017
4 $7,100.00 General Rehab Repairs 04/26/2021
Purchase price : $16370 Total Rehab Cost :$17,100.00 All-In Property Cost : $33,470.00

Property Progress Images

All Property Expenses

# Expense Amount Expense Type Expense Note Expense Document Date added
1 $16,370.00 Property Purchase Price (including Closing Costs) Total Purchase Price ($12,200) with closing costs and rehab 09/27/2017
2 $2.94 Arcana Insurance Payment Arcana 09/27/2017
3 $29.27 Arcana Insurance Payment Arcana 09/27/2017
4 $30.24 Arcana Insurance Payment Arcana 09/27/2017
5 $29.27 Arcana Insurance Payment Arcana 09/27/2017
6 $30.24 Arcana Insurance Payment Arcana 09/27/2017
7 $30.24 Arcana Insurance Payment Arcana Insurance Feb 09/27/2017
8 $450.00 City Taxes Boardup for City (3/14) 09/27/2017
9 $27.30 Arcana Insurance Payment Arcana March 2017 09/27/2017
10 $30.24 Arcana Insurance Payment Arcana April 09/27/2017
11 $29.27 Arcana Insurance Payment Arcana May 09/27/2017
12 $114.04 County Taxes 2016 09/27/2017
13 $3,500.00 General Rehab Repairs $7,500 total job Mario - $3,500 paid 7/28 09/27/2017
14 $811.19 County Taxes 2017 09/27/2017
15 $700.00 Rent Aug 2017 09/06/2017
16 $118.68 Arcana Insurance Payment June, July, Aug 09/27/2017
17 $356.04 Arcana Insurance Payment Arcana 8/29/17 to 8/29/18 09/27/2017
18 $6,500.00 General Rehab Repairs $8,000 final repairs approved - $1,500 paid 11/7 *$5,000 paid 12/3 11/08/2017
19 $100.00 Setup Fee 01/27/2018
20 $50.00 Utility Turn On Power 01/27/2018
21 $69.21 County Taxes 2017 Winter Tax 02/02/2018
22 $74.75 City Taxes Detroit city taxes 2017 06/25/2018
23 $813.79 City Taxes City of Detroit 08/13/2018
24 $256.04 Arcana Insurance Payment 2018 Arcana Insurance Annual renewal 10/19/2018
25 $70.65 City Taxes Detroit Winter Taxes 2019 01/27/2019
26 $421.45 City Taxes Autoagent 2019 taxes paid by ACH 1st 1/2 payment 08/21/2019
27 $195.00 Registration Fee 11/15/2019
28 $493.77 City Taxes 2nd 1/2 summer 2019 & winter 2020 taxes 01/22/2020
29 $285.58 Miscellaneous Rami & Martin expenses 02/11/2020
30 $50.00 Inspection Contractor bid, punchlist, inspection 02/27/2020
31 $854.30 City Taxes Detroit Summer Taxes 2020 DivDat payment because parcel # didn't convert from AA 08/11/2020
32 $145.87 County Taxes Winter and partial Summer taxes 02/04/2021
33 $7,100.00 General Rehab Repairs $7100 approved. Tyson paid $3,550 4/25/21. $3550 paid Tyson on 4/30 04/26/2021
34 $80.00 Lawncare March and April Lawncare 05/05/2021
35 $80.00 Lawncare May and June Lawncare 06/07/2021
36 $512.15 County Taxes 2021 Summer Tax 07/08/2021
37 $100.00 Lawncare lawncare July and August 08/23/2021
38 $80.00 Lawncare Sept and Oct Lawncare 10/11/2021
39 $150.00 Miscellaneous Aug, Sept, Oct Frontpoint alarm security system payment 10/11/2021
40 $80.00 Lawncare Nov and Dec Lawncare 12/07/2021
41 $100.00 Lawncare Nov, Dec Frontpoint alarm security system payment 12/07/2021
42 $626.68 County Taxes Taxes Second installment 12/13/2021
43 $150.00 Miscellaneous Notary, overnight for closing 01/08/2022
44 $40.00 Lawncare Jan Lawncare 01/13/2022
45 $1,250.00 Miscellaneous Buyer side commission, TC fee, and underwriter 01/13/2022
46 $478.00 Rent Mortgage payment 11/29/21 04/11/2022
47 $502.00 Rent Mortgage payment 3/11/22 05/23/2022
48 $502.00 Rent Mortgage payment 4/11/22 07/06/2022
49 $502.00 Rent Mortgage payment 5/11/22 10/06/2022
50 $502.00 Rent Mortgage 6/11/22 10/27/2022
51 $518.15 Rent Mortgage 7/11/22 02/13/2023
52 $48,024.89 Miscellaneous Profit LC refinance - amount spent $38,984.05 09/04/2023
53 $452.00 Rent Mortgage payment 2/11/22 08/09/2025
Overall ROI : 122.24 %
ROI (2017) : 2.46% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 0.00% ROI (2022) : 172.64% ROI (2023) : inf% ROI (2025) : inf%
Overall Profit/Loss: -$9,492.84
Profit/Loss (2017) : -$27,758.96 Profit/Loss (2018) : -$1,363.79 Profit/Loss (2019) : -$687.10 Profit/Loss (2020) : -$1,683.65 Profit/Loss (2021) : -$9,054.70 Profit/Loss (2022) : -$1,046.00 Profit/Loss (2023) : -$48,543.04 Profit/Loss (2025) : -$452.00
Total Admin Owed : $0.00
Total Client Owed : $0.00
Total Owed : $0.00

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Turning Affordable Property Investments into Sustainable Passive Income Production

Maxim Holdings specializes in finding off-market, bank or hedge-fund owned investment opportunities for investors of any size at significant discounts. We take sub-par properties and turn them into passive income cash flow earning machines.