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16410 MANNING, DETROIT, 48205

Partnership Splits

Payment Split : 20% / 80%

Partnership Equity Split : 30% / 70%

Purchase Price + Rehab

# Expense Amount Expense Type Date added
1 $6,500.00 Property Purchase Price 09/25/2017
2 $6,900.00 General Rehab Repairs 07/13/2018
3 $2,000.00 General Rehab Repairs 10/08/2018
4 $2,600.00 General Rehab Repairs 04/02/2019
5 $250.00 General Rehab Repairs 06/22/2019
6 $80.00 Gas Line Repairs 02/10/2021
7 $4,200.00 General Rehab Repairs 11/13/2021
8 $700.00 General Rehab Repairs 01/14/2022
9 $1,400.00 General Rehab Repairs 07/15/2023
10 $850.00 General Rehab Repairs 09/25/2023
11 $1,500.00 General Rehab Repairs 10/28/2024
12 $1,258.65 General Rehab Repairs 11/04/2024
13 $3,850.00 General Rehab Repairs 11/06/2024
14 $2,976.85 General Rehab Repairs 11/09/2024
15 $3,850.00 General Rehab Repairs 11/15/2024
Purchase price : $6500 Total Rehab Cost :$32,415.50 All-In Property Cost : $38,915.50

Property Progress Images

All Property Expenses

# Expense Amount Expense Type Expense Note Expense Document Date added
1 $6,500.00 Property Purchase Price 09/25/2017
2 $915.00 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 $300.00 Eviction Expenses Prep/file summons/complaint 04/15/2018
6 $250.00 Eviction Expenses prep writ/order eviction/prepare/attend hearing 06/29/2018
7 $6,900.00 General Rehab Repairs $11,500 approved. $3,450 paid Sharp on 7/13, $3450 paid on 7/23 07/13/2018
8 $1,100.00 Eviction Expenses Eviction, bailiff, debris removal 07/17/2018
9 $834.74 City Taxes City of Detroit 09/01/2018
10 $2,000.00 General Rehab Repairs $2000 paid Sharp on 10/7 10/08/2018
11 $73.22 City Taxes Detroit Winter Taxes 2019 01/17/2019
12 $70.00 Snow Removal 02/22/2019
13 $65.00 Lawncare 04/01/2019
14 $2,600.00 General Rehab Repairs Sharp paid $2,600 on 4/2 04/02/2019
15 $60.00 Lawncare 05/07/2019
16 $250.00 Curb Appeal Repairs Lawncare & Curb Appeal for city registration 05/30/2019
17 $60.00 Lawncare 06/04/2019
18 $250.00 General Rehab Repairs Front power wash and spot painting 06/22/2019
19 $432.49 City Taxes Autoagent 2019 taxes paid by ACH 1st 1/2 payment 08/16/2019
20 $125.00 Lawncare lawncare & property cleanup 09/05/2019
21 $100.00 Lawncare lawncare and curb appeal 09/18/2019
22 $100.00 Lawncare 10/25/2019
23 $507.46 City Taxes 2nd 1/2 summer 2019 & winter 2020 taxes 01/17/2020
24 $285.58 Miscellaneous Rami & Martin expenses 02/07/2020
25 $50.00 Inspection Contractor bid, punchlist, inspection 02/22/2020
26 $560.02 Electricity Bill DTE 03/03/2020
27 $120.05 Electricity Bill DTE 04/02/2020
28 $85.92 Electricity Bill DTE 06/15/2020
29 $196.76 Electricity Bill DTE 06/30/2020
30 $438.42 City Taxes 1st 1/2 summer city taxes 2020 AA 08/20/2020
31 $680.89 Electricity Bill DTE - account turned off 10/19/20 10/23/2020
32 $324.28 Electricity Bill DTE - FINAL BILL 11/03/2020
33 $632.77 County Taxes Winter and partial Summer taxes 02/04/2021
34 $80.00 Gas Line Repairs 02/10/2021
35 $80.00 Lawncare March and April Lawncare 05/05/2021
36 $80.00 Lawncare May and June Lawncare 06/07/2021
37 $525.65 County Taxes 2021 Summer Tax 07/08/2021
38 $100.00 Lawncare lawncare July and August 08/23/2021
39 $4,200.00 General Rehab Repairs $4,200 approved. Paid Tyson $2,100 on 11/13/21. $2,100 paid Tyson on 12/9/21 11/13/2021
40 $644.15 County Taxes Taxes Second installment 12/13/2021
41 $700.00 General Rehab Repairs Tyson paid for basement water intrusion and snaking and cleanup 01/14/2022
42 $60.00 Snow Removal Snow removal / Lawncare February 02/05/2022
43 $60.00 Lawncare Lawncare March 03/07/2022
44 $60.00 Lawncare Lawncare April 04/19/2022
45 $60.00 Lawncare Lawncare May 05/04/2022
46 $120.00 Lawncare Lawncare June and July 07/05/2022
47 $60.00 Lawncare Lawncare August 08/15/2022
48 $60.00 Lawncare Lawncare September 09/09/2022
49 $60.00 Lawncare October lawn care 10/18/2022
50 $1,165.18 County Taxes 11/10/2022
51 $60.00 Lawncare November lawn care 11/21/2022
52 $60.00 Lawncare December lawn care 12/17/2022
53 $60.00 Lawncare January lawn care 01/03/2023
54 $111.24 City Taxes Winter tax payments 2022 01/04/2023
55 $60.00 Lawncare February lawn care 03/01/2023
56 $120.00 Lawncare March and April lawn care 04/06/2023
57 $60.00 Lawncare May lawn care 05/13/2023
58 $1,400.00 General Rehab Repairs BSEED demo panel repairs - board house, lawncare and debris removal 07/15/2023
59 $180.00 Lawncare June, July, August lawn care 08/23/2023
60 $1,152.85 County Taxes 2023 County Taxes 08/24/2023
61 $60.00 Lawncare September lawncare 09/06/2023
62 $850.00 General Rehab Repairs BSEED demo department removal rehab - board up, lawncare, and debris removal 09/25/2023
63 $500.00 Miscellaneous Tree trimming and city boarding compliance 11/17/2023
64 $120.00 Lawncare October and November lawncare 11/20/2023
65 $375.00 Miscellaneous secure, rekey, spruce up for appraisal access 11/23/2023
66 $120.00 Lawncare December and January lawn care 01/04/2024
67 $1,248.65 County Taxes Wayne County Winter taxes 01/15/2024
68 $60.00 Lawncare Feb lawn care 02/12/2024
69 $120.00 Lawncare March / April lawncare 04/11/2024
70 $1,075.00 Miscellaneous Detroit Appraisals 05/02/2024
71 $800.00 Miscellaneous Arthur staging and materials 05/02/2024
72 $60.00 Lawncare May lawncare 05/06/2024
73 $60.00 Lawncare June lawncare 06/10/2024
74 $120.00 Lawncare Lawncare July and August 08/05/2024
75 $1,163.44 County Taxes 08/13/2024
76 $250.00 Miscellaneous Appraisal lender change from Race City to Mino Lending 09/06/2024
77 $250.00 Miscellaneous Appraisal change and market report addition for Mino Lending lender change 09/16/2024
78 $550.00 Miscellaneous 1004D Appraisal recert of value 10/09/2024
79 $120.00 Lawncare Sept and Oct lawncare 10/16/2024
80 $2,056.00 Miscellaneous Initial rehab materials for prep - Juan 10/28/2024
81 $1,500.00 General Rehab Repairs Initial crew labor payment 10/28/2024
82 $1,123.60 Miscellaneous DAWGs boarding - 2 months 10/29/2024
83 $4,850.00 Miscellaneous Labor 5 guys x 5 days - will just be 4 guys moving forward 11/01/2024
84 $1,258.65 General Rehab Repairs Rehab materials - mini split system HVAC, door hardware, bathroom hardware, kitchen hardware 11/04/2024
85 $552.00 Miscellaneous 6 months insurance 11/05/2024
86 $815.00 Miscellaneous Appraisal order Fastapp AMC 11/05/2024
87 $535.46 Miscellaneous 3 heater / cooling wall units for mini splits 11/06/2024
88 $3,850.00 General Rehab Repairs Saturday to Wednesday 5 days labor 11/06/2024
89 $148.45 Miscellaneous Porch fencing and materials 11/09/2024
90 $2,976.85 General Rehab Repairs Vinyl flooring and countertops 11/09/2024
91 $3,850.00 Miscellaneous 5 days labor 11/12/2024
92 $250.00 Lawncare Prep for appraisal lawncare - raking, debris, trimming 11/15/2024
93 $3,850.00 General Rehab Repairs 5 days 4 guys labor 11/15/2024
94 $60.00 Lawncare Nov 2024 lawncare 11/21/2024
95 $1,535.67 Miscellaneous Property staging, staging transfers, Detroit appraisal trip hotel, rental car, flights, added appraisal fees, split between 3 homes 11/22/2024
96 $60.00 Lawncare Dec lawncare 12/09/2024
Overall ROI : 0.00 %
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) : 0.00% ROI (2024) : 0.00%
Overall Profit/Loss: -$75,535.44
Profit/Loss (2017) : -$7,530.00 Profit/Loss (2018) : -$11,384.74 Profit/Loss (2019) : -$4,185.71 Profit/Loss (2020) : -$3,249.38 Profit/Loss (2021) : -$6,342.57 Profit/Loss (2022) : -$2,525.18 Profit/Loss (2023) : -$5,049.09 Profit/Loss (2024) : -$35,268.77
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.