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17360 ALBION, DETROIT, 48234

Partnership Splits

Payment Split : 20% / 80%

Partnership Equity Split : 30% / 70%

Purchase Price + Rehab

# Expense Amount Expense Type Date added
1 $13,001.00 Property Purchase Price 09/22/2017
2 $5,625.00 General Rehab Repairs 10/10/2017
3 $2,700.00 General Rehab Repairs 12/11/2017
4 $247.00 Appliances 12/14/2017
5 $550.00 General Rehab Repairs 12/20/2017
6 $3,505.00 General Rehab Repairs 09/02/2020
Purchase price : $13001 Total Rehab Cost :$12,627.00 All-In Property Cost : $25,628.00

Property Progress Images

All Property Expenses

# Expense Amount Expense Type Expense Note Expense Document Date added
1 $13,001.00 Property Purchase Price 09/22/2017
2 $918.00 County Taxes Summer tax 2017 09/22/2017
3 $5,625.00 General Rehab Repairs All repairs done at once by Scott 10/10/2017
4 $100.00 Setup Fee 10/21/2017
5 $100.00 Utility Turn On Power and Gas 11/17/2017
6 $150.00 Water Bill Service start fee 11/28/2017
7 $2,700.00 General Rehab Repairs $2,700 Section 8 repairs - $1,350 paid 12/11 to Tyson *$1,350 paid 12/14 12/11/2017
8 $247.00 Appliances Stove for gas hookup - paid Tyson 12/14/2017
9 $550.00 General Rehab Repairs Hot water heater new with install 12/20/2017
10 $150.00 Inspection 12/22/2017
11 $50.00 Utility Turn On Water 12/22/2017
12 $627.35 Electricity Bill 02/28/2018
13 $351.03 Electricity Bill 05/15/2018
14 $100.75 Electricity Bill 05/31/2018
15 $127.57 Electricity Bill 07/01/2018
16 $136.65 Electricity Bill DTE Power bill 08/22/2018
17 $110.17 Electricity Bill DTE 09/19/2018
18 $60.00 Lawncare 09/26/2018
19 $126.98 Electricity Bill 10/11/2018
20 $127.81 Electricity Bill DTE bill 11/13/2018
21 $431.25 Electricity Bill DTE 03/08/2019
22 $1,091.51 County Taxes Wayne County Treasurer 06/19/2019
23 $433.87 City Taxes Autoagent 2019 taxes paid by ACH 1st 1/2 payment 08/14/2019
24 $509.16 City Taxes 2nd 1/2 summer 2019 + winter 2020 taxes 01/16/2020
25 $285.58 Miscellaneous Rami & Martin expenses 02/10/2020
26 $50.00 Inspection Contractor bid, punchlist, inspection 02/25/2020
27 $439.80 City Taxes 1st 1/2 summer city taxes 2020 AA 08/12/2020
28 $3,505.00 General Rehab Repairs $3505 approved. Tyson paid $1752.50 on 9/2/20. Paid Tyson $1752.50 on 9/5/20 09/02/2020
29 $150.00 Miscellaneous Aug, Sept, Oct 2020 Frontpoint Alarm 10/14/2020
30 $658.00 Rent $700 - $42 mgmt fee = $658 10/29/2020
31 $584.00 Water Bill $584 ($150 deposit + 10% down) paid to get $94.48/36 months payment plan + monthly drainage fee 11/05/2020
32 $677.76 Rent $721 - $43.24 mgmt fee = $677.76 01/04/2021
33 $1,161.28 Rent $1235 - $74.12 mgmt fee = $1161.28 01/27/2021
34 $634.63 County Taxes Winter and partial Summer taxes 02/04/2021
35 $387.09 Rent $412 rent paid minus $24.71 management fee=$387.09 02/27/2021
36 $512.90 Rent $546 rent paid minus $32.74 management fee 03/29/2021
37 $585.00 Water Bill Payment program from past owner balance 04/25/2021
38 $706.45 Rent $752-mgmgt fee$45.09=$706.45 04/27/2021
39 $585.00 Water Bill 05/19/2021
40 $706.45 Rent $752-mgmgt fee$45.09=$706.45 05/31/2021
41 $585.00 Water Bill Water bill 06/29/2021
42 $527.33 County Taxes 2021 Summer Tax 07/08/2021
43 $585.00 Water Bill 07/26/2021
44 $590.32 Rent $628-$37.68 management fees=$590.32 Rent payment for July 2021 07/29/2021
45 $706.45 Rent $752-mgmgt fee$45.09=$706.45 08/28/2021
46 $706.45 Rent $752 rent paid-mgmgt fee$45.09=$706.45 09/30/2021
47 $658.00 Rent $700 rent paid-mgmgt fee$42 10/28/2021
48 $585.00 Water Bill 11/01/2021
49 $774.18 Rent $824 rent paid - mgmgt fee$49.42 11/29/2021
50 $646.31 County Taxes Taxes Second installment 12/13/2021
51 $774.18 Rent $824 rent paid - mgmgt fee$49.42 01/01/2022
52 $1,081.45 County Taxes 08/15/2022
53 $60.00 Lawncare October lawn care 10/18/2022
54 $60.00 Lawncare November lawn care 11/21/2022
55 $60.00 Lawncare December lawn care 12/17/2022
56 $60.00 Lawncare January lawn care 01/03/2023
57 $111.79 City Taxes Winter tax payments 2022 01/04/2023
58 $60.00 Lawncare February lawn care 03/01/2023
59 $120.00 Lawncare March and April lawn care 04/06/2023
60 $60.00 Lawncare May lawn care 05/13/2023
61 $180.00 Lawncare June, July, August lawn care 08/23/2023
62 $1,156.50 County Taxes 2023 County Taxes 08/24/2023
63 $60.00 Lawncare September lawncare 09/06/2023
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 $139.94 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 $60.00 Lawncare May lawncare 05/06/2024
71 $60.00 Lawncare June lawncare 06/10/2024
72 $120.00 Lawncare Lawncare July and August 08/05/2024
73 $581.94 County Taxes 08/13/2024
74 $120.00 Lawncare Sept and Oct lawncare 10/16/2024
75 $60.00 Lawncare Nov 2024 lawncare 11/21/2024
76 $60.00 Lawncare Dec lawncare 12/09/2024
77 $75.00 Miscellaneous notary charges 01/03/2025
78 $33,044.77 Miscellaneous Profit 9 Detroit sale proceeds split equally 01/03/2025
Overall ROI : 98.48 %
ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 11.91% ROI (2021) : 160.30% ROI (2022) : 61.37% ROI (2023) : 0.00% ROI (2024) : 0.00% ROI (2025) : 44,059.69%
Overall Profit/Loss: -$650.09
Profit/Loss (2017) : -$23,591.00 Profit/Loss (2018) : -$1,768.31 Profit/Loss (2019) : -$1,956.63 Profit/Loss (2020) : -$4,865.54 Profit/Loss (2021) : -$2,854.06 Profit/Loss (2022) : -$487.27 Profit/Loss (2023) : -$2,303.29 Profit/Loss (2024) : -$1,501.88 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.