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15701 LAPPIN, DETROIT, 48205

Partnership Splits

Payment Split : 20% / 80%

Partnership Equity Split : 30% / 70%

Purchase Price + Rehab

# Expense Amount Expense Type Date added
1 $7,600.00 Property Purchase Price 09/25/2017
2 $3,200.00 General Rehab Repairs 01/31/2018
3 $3,200.00 General Rehab Repairs 02/06/2018
4 $1,200.00 General Rehab Repairs 02/08/2018
5 $4,200.00 General Rehab Repairs 04/22/2021
6 $120.00 General Rehab Repairs 12/04/2024
Purchase price : $7600 Total Rehab Cost :$11,920.00 All-In Property Cost : $19,520.00

Property Progress Images

All Property Expenses

# Expense Amount Expense Type Expense Note Expense Document Date added
1 $7,600.00 Property Purchase Price 09/25/2017
2 $802.00 County Taxes Summer tax 2017 09/25/2017
3 $100.00 Setup Fee 11/17/2017
4 $15.00 Eviction Expenses 30 day notice 11/17/2017
5 $3,200.00 General Rehab Repairs $8,000 approved. $1,600 paid Anthony Tyson on 1/31 *$1,600 paid on 2/1 01/31/2018
6 $3,200.00 General Rehab Repairs Paid Anthony Tyson $3,200 on 2/5 (not on initial Feb consolidation) 02/06/2018
7 $1,200.00 General Rehab Repairs $1200 paid Anthony Tyson on 2/7 (not on Feb Consolidation) 02/08/2018
8 $300.00 Eviction Expenses Prep/file summons/complaint 04/15/2018
9 $731.64 City Taxes City of Detroit 09/04/2018
10 $60.52 City Taxes Detroit City Taxes 2019 01/25/2019
11 $70.00 Snow Removal 02/22/2019
12 $65.00 Lawncare 04/01/2019
13 $60.00 Lawncare 05/07/2019
14 $60.00 Lawncare 06/04/2019
15 $378.32 City Taxes Autoagent 2019 taxes paid by ACH 1st 1/2 payment 08/15/2019
16 $440.29 City Taxes 2nd 1/2 summer 2019 & winter 2020 taxes 01/17/2020
17 $285.58 Miscellaneous Rami & Martin expenses 02/07/2020
18 $50.00 Inspection Contractor bid, punchlist, inspection 02/25/2020
19 $383.21 City Taxes 1st 1/2 summer city taxes 2020 AA 08/19/2020
20 $558.19 County Taxes Winter and partial Summer taxes 02/04/2021
21 $4,200.00 General Rehab Repairs $4,200 approved. $2,100 paid Tyson on 4/21/21. Tyson paid $2,100 on 4/22/21 04/22/2021
22 $175.00 Inspection Before and After Rehab Inspection 04/24/2021
23 $80.00 Lawncare March and April Lawncare 05/05/2021
24 $80.00 Lawncare May and June Lawncare 06/08/2021
25 $459.52 County Taxes 2021 Summer Tax 07/08/2021
26 $100.00 Lawncare lawncare July and August 08/24/2021
27 $80.00 Lawncare Sept and Oct Lawncare 10/11/2021
28 $80.00 Lawncare Nov and Dec Lawncare 12/07/2021
29 $558.51 County Taxes Taxes Second installment 12/13/2021
30 $350.00 Miscellaneous Designated House-sitter for listing 12/16/2021
31 $40.00 Lawncare Jan Lawncare 01/13/2022
32 $60.00 Snow Removal Snow removal / Lawncare February 02/05/2022
33 $60.00 Lawncare Lawncare March 03/07/2022
34 $60.00 Lawncare Lawncare April 04/19/2022
35 $60.00 Lawncare Lawncare May 05/04/2022
36 $120.00 Lawncare Lawncare June and July 07/05/2022
37 $941.04 County Taxes 08/15/2022
38 $60.00 Lawncare Lawncare August 08/15/2022
39 $60.00 Lawncare Lawncare September 09/09/2022
40 $60.00 Lawncare October lawn care 10/18/2022
41 $60.00 Lawncare November lawn care 11/21/2022
42 $250.00 Lockbox / ReKey Property posting, rekey, lockbox for buyer showings 11/21/2022
43 $60.00 Lawncare December lawn care 12/17/2022
44 $60.00 Lawncare January lawn care 01/03/2023
45 $91.98 City Taxes Winter tax payments 2022 01/04/2023
46 $60.00 Lawncare February lawn care 03/01/2023
47 $120.00 Lawncare March and April lawn care 04/06/2023
48 $778.00 Miscellaneous Final funds paid closing - Land Contract 45k 04/12/2023
49 $500.00 Miscellaneous Showings, final rekey, borrower underwriting 04/12/2023
50 $165.00 Miscellaneous Closing notary, copies, mailing 04/12/2023
51 $60.00 Lawncare May lawn care 05/13/2023
52 $1,015.82 Rent June and July Mortgage payments - paid directly to RHMS because servicing not set up with FCI 07/04/2023
53 $347.91 Rent Mortgage payment 6/1/23 10/11/2023
54 $120.00 Miscellaneous FCI special servicing fee 10/24/2023
55 $412.91 Rent Mortgage payment 7/1/23 11/06/2023
56 $412.91 Rent Mortgage payment 8/1/23 12/04/2023
57 $412.91 Rent Mortgage payment 9/1/23 01/03/2024
58 $120.00 Miscellaneous Special servicing fee FCI 01/03/2024
59 $120.00 Miscellaneous Special servicing fee FCI 03/04/2024
60 $412.91 Rent Mortgage payment 11/1/23 03/06/2024
61 $412.91 Rent Mortgage payment 12/1/23 04/04/2024
62 $412.91 Rent Mortgage payment 1/1/24 05/10/2024
63 $120.00 Miscellaneous FCI Special servicing 05/27/2024
64 $485.91 Rent Mortgage payment 4/1/24 05/30/2024
65 $485.91 Rent Mortgage payment 5/1/24 07/02/2024
66 $120.00 Miscellaneous FCI special servicing 07/02/2024
67 $485.91 Rent Mortgage payment 6/1/24 07/23/2024
68 $120.00 Miscellaneous FCI special servicing 08/02/2024
69 $485.91 Rent Mortgage payment 7/1/24 09/05/2024
70 $485.91 Rent Mortgage payment 8/1/24 09/30/2024
71 $485.91 Rent Mortgage payment 9/1/24 10/25/2024
72 $120.00 General Rehab Repairs FCI Special servicing 12/04/2024
73 $485.91 Rent Mortgage payment 11/1/24 12/05/2024
74 $485.91 Rent Mortgage payment 12/1/24 12/24/2024
75 $120.00 Miscellaneous FCI Special servicing 01/04/2025
76 $498.41 Rent Mortgage payment 1/1/25 01/20/2025
77 $60.00 Miscellaneous FCI special servicing 02/05/2025
78 $485.91 Rent Mortgage payment 2/1/15 02/19/2025
79 $485.91 Rent Mortgage payment 3/1/25 03/20/2025
80 $60.00 Miscellaneous FCI special servicing 03/27/2025
81 $60.00 Miscellaneous FCI Special servicing 04/04/2025
82 $485.91 Rent Mortgage payment 4/1/25 04/21/2025
83 $485.91 Rent Mortgage payment 5/1/25 05/22/2025
84 $120.00 Miscellaneous FCI Special Servicing May and June 06/04/2025
85 $60.00 Miscellaneous FCI Servicing 07/05/2025
86 $498.41 Rent Mortgage payment 6/1/25 07/22/2025
87 $485.91 Rent Mortgage payment 7/1/25 08/20/2025
88 $485.91 Rent Mortgage payment 8/1/25 08/25/2025
89 $120.00 Miscellaneous Aug and Sept FCI special servicing 09/03/2025
90 $485.91 Rent Mortgage payment 9/1/25 09/22/2025
91 $60.00 Miscellaneous Special servicing 10/02/2025
92 $60.00 Miscellaneous FCI Servicing 11/03/2025
93 $498.41 Rent Mortgage payment 10/1/25 11/14/2025
94 $485.91 Rent Mortgage payment 11/1/25 11/26/2025
95 $60.00 Miscellaneous FCI Servicing 12/03/2025
96 $485.91 Rent Mortgage payment 12/1/25 12/18/2025
97 $60.00 Miscellaneous FCI Servicing fee 01/02/2026
98 $498.41 Rent Mortgage payment 1/1/26 02/18/2026
99 $485.91 Rent Mortgage payment 2/1/26 02/21/2026
100 $60.00 Miscellaneous Monthly FCI Servicing Fee 03/02/2026
Overall ROI : 46.75 %
ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 0.00% ROI (2022) : 0.00% ROI (2023) : 112.00% ROI (2024) : 769.29% ROI (2025) : 752.36% ROI (2026) : 820.27%
Overall Profit/Loss: -$16,607.59
Profit/Loss (2017) : -$8,517.00 Profit/Loss (2018) : -$8,631.64 Profit/Loss (2019) : -$693.84 Profit/Loss (2020) : -$1,159.08 Profit/Loss (2021) : -$6,721.22 Profit/Loss (2022) : -$1,891.04 Profit/Loss (2023) : -$234.57 Profit/Loss (2024) : -$4,818.92 Profit/Loss (2025) : -$5,088.42 Profit/Loss (2026) : -$864.32
Total Admin Owed : $48.00
Total Client Owed : $0.00
Total Owed : $48.00

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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.