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10062 Somerset Detroit, MI

Partnership Splits

Payment Split : 20% / 80%

Partnership Equity Split : 30% / 70%

Purchase Price + Rehab

# Expense Amount Expense Type Date added
1 $8,698.00 Property Purchase Price 09/27/2017
2 $3,300.00 General Rehab Repairs 09/06/2018
3 $2,500.00 General Rehab Repairs 10/19/2018
4 $3,100.00 General Rehab Repairs 08/11/2020
Purchase price : $8698 Total Rehab Cost :$8,900.00 All-In Property Cost : $17,598.00

Property Progress Images

All Property Expenses

# Expense Amount Expense Type Expense Note Expense Document Date added
1 $14.64 Arcana Insurance Payment Arcana Insurance Feb 09/27/2017
2 $27.30 Arcana Insurance Payment Arcana March 2017 09/27/2017
3 $30.24 Arcana Insurance Payment Arcana April 09/27/2017
4 $29.27 Arcana Insurance Payment Arcana May 09/27/2017
5 $8,698.00 Property Purchase Price 09/27/2017
6 $1,700.43 County Taxes 09/27/2017
7 $1,053.77 County Taxes 2017 09/27/2017
8 $356.04 Miscellaneous Arcana 2018 Renewal 01/29/2018
9 $237.36 Arcana Insurance Payment 2017 Remainder 01/29/2018
10 $98.62 County Taxes 2017 Winter Tax 02/02/2018
11 $106.50 City Taxes 2017 Detroit City Taxes 06/22/2018
12 $1,057.47 City Taxes City of Detroit 08/24/2018
13 $3,300.00 General Rehab Repairs $11,000 approved. $3,300 paid Sharp on 9/4 09/06/2018
14 $20.00 Eviction Expenses 30 day notice 09/20/2018
15 $100.00 Eviction Expenses set up fee 09/21/2018
16 $2,500.00 General Rehab Repairs Sharp paid $2,500 on 10/18 10/19/2018
17 $100.68 City Taxes City of Detroit - Winter Taxes 01/16/2019
18 $549.49 City Taxes Autoagent 2019 taxes paid by ACH 1st 1/2 payment 08/20/2019
19 $195.00 Registration Fee 11/15/2019
20 $652.56 City Taxes 2nd 1/2 summer 2019 & winter 2020 taxes 01/21/2020
21 $285.58 Miscellaneous Rami & Martin expenses 02/10/2020
22 $50.00 Inspection Contractor bid, punchlist, inspection 02/26/2020
23 $3,100.00 General Rehab Repairs Initial payment for rehab. $3,100 approved. $1,550 paid Tyson on 8/11/20, $1,550 paid 8/16/20 to Tyson 08/11/2020
24 $557.63 City Taxes 1st 1/2 summer city taxes 2020 AA 08/21/2020
25 $1,128.00 Rent $1200 - $78 mgmt fee = $1128 09/28/2020
26 $98.00 Water Bill DWSD $98 down and then we're able to get a PPA per Ms. Singleton paid online $48.66 PPA per month going forward 11/02/2020
27 $150.00 Water Bill DSWD deposit MS said to do $80/month PPA 11/02/2020
28 $80.00 Water Bill DWSD 12/02/2020
29 $793.84 County Taxes Winter and partial Summer taxes 02/04/2021
30 $668.62 County Taxes 2021 Summer Tax 07/08/2021
31 $829.30 County Taxes Taxes Second installment 12/13/2021
32 $10,570.00 Rent Government assistance payment 06/01/2022
33 $1,057.00 Miscellaneous Sheneelia 10% compensation for government assistance payment 06/03/2022
34 $1,373.92 County Taxes 08/15/2022
35 $60.00 Lawncare October lawn care 10/18/2022
36 $50.00 Miscellaneous October Frontpoint security alarm 10/18/2022
37 $60.00 Lawncare November lawn care 11/21/2022
38 $50.00 Miscellaneous November Frontpoint security alarm 11/21/2022
39 $60.00 Lawncare December lawn care 12/17/2022
40 $50.00 Miscellaneous December Frontpoint security alarm 12/17/2022
41 $60.00 Lawncare January lawn care 01/03/2023
42 $50.00 Miscellaneous January Frontpoint security alarm 01/03/2023
43 $152.98 City Taxes Winter tax payments 2022 01/04/2023
44 $705.00 Rent $750 - $45 mgmt fee =705 01/24/2023
45 $60.00 Lawncare February lawn care 03/01/2023
46 $50.00 Miscellaneous February Frontpoint security alarm 03/01/2023
47 $120.00 Lawncare March and April lawn care 04/06/2023
48 $100.00 Miscellaneous Security Alarm March and April 04/06/2023
49 $60.00 Lawncare May lawn care 05/13/2023
50 $50.00 Miscellaneous Security Alarm May 05/13/2023
51 $180.00 Lawncare June, July, August lawn care 08/23/2023
52 $1,472.33 County Taxes 2023 County Taxes 08/24/2023
53 $60.00 Lawncare September lawncare 09/06/2023
54 $120.00 Lawncare October and November lawncare 11/20/2023
55 $120.00 Lawncare December and January lawn care 01/04/2024
56 $180.15 County Taxes Wayne County Winter taxes 01/15/2024
57 $60.00 Lawncare Feb lawn care 02/12/2024
58 $120.00 Lawncare March / April lawncare 04/11/2024
59 $60.00 Lawncare May lawncare 05/06/2024
60 $60.00 Lawncare June lawncare 06/10/2024
61 $120.00 Lawncare Lawncare July and August 08/05/2024
62 $740.30 County Taxes 08/13/2024
63 $120.00 Lawncare Sept and Oct lawncare 10/16/2024
64 $60.00 Lawncare Nov 2024 lawncare 11/21/2024
65 $60.00 Lawncare Dec lawncare 12/09/2024
66 $75.00 Miscellaneous notary charges 01/03/2025
67 $33,044.77 Miscellaneous Profit 9 Detroit sale proceeds split equally 01/03/2025
Overall ROI : 131.69 %
ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 22.68% ROI (2021) : 0.00% ROI (2022) : 382.84% ROI (2023) : 27.81% ROI (2024) : 0.00% ROI (2025) : 44,059.69%
Overall Profit/Loss: -$10,935.75
Profit/Loss (2017) : -$11,553.65 Profit/Loss (2018) : -$7,775.99 Profit/Loss (2019) : -$845.17 Profit/Loss (2020) : -$3,845.77 Profit/Loss (2021) : -$2,291.76 Profit/Loss (2022) : -$7,809.08 Profit/Loss (2023) : -$1,830.31 Profit/Loss (2024) : -$1,700.45 Profit/Loss (2025) : -$32,969.77
Total Admin Owed : $0.00
Total Client Owed : $0.00
Total Owed : $0.00

Map Location

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.