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Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Prediction
Topic
Status
The Detroit duplex will require approximately $50,000 in rehab costs.
"I'm going to estimate just not knowing a ton about it probably something closer to 50 Grand especially if he wants to command those higher rents"
Real Estate Investment
Pending
After $50,000 in rehab, the Detroit duplex's value is predicted to be $240,000.
"that will improve the value of the property I think that would probably get us to maybe 240 in this neighborhood just based on some comps that I looked at before"
Real Estate Investment
Pending
Property value growth in the Indian Village area of Detroit is predicted to be 2% annually.
"for property value growth I'm going to keep it at 2% cuz as I said I don't think it's going to appreciate much more than average and 2% is actually lower than average and so I'm going to keep it at that for now"
Real Estate Investment
Pending
With significant renovations, the Detroit duplex's monthly rent could increase to $2,200-$2,300.
"let's just assume I can get this to 2200 or maybe even 2300 because I'm going to make this a lot nicer"
Real Estate Investment
Pending
The rehab costs for the Detroit duplex are estimated to be closer to $50,000, higher than the initial $30,000 estimate, to enable higher rents.
"I'm going to estimate just not knowing a ton about it probably something closer to 50 Grand especially if he wants to command those higher rents"
Real Estate Rehab Cost (Detroit Duplex)
Pending
The Indian Village area in Detroit is forecast to experience flat or minimal property value growth in the next year (2025).
"this area near Indian village is not forecast to grow that much it might be flat but it doesn't look like it's actually going to grow"
Real Estate Appreciation (Detroit - Indian Village)
Pending
The Detroit duplex property's After Repair Value (ARV) is estimated to reach approximately $240,000 after an estimated $50,000 in rehab.
"I think that would probably get us to maybe 240 in this neighborhood just based on some comps that I looked at before"
Real Estate After Repair Value (Detroit Duplex)
Pending
The property in question is expected to appreciate at a long-term rate of 2% per year, which is considered lower than average.
"for property value growth I'm going to keep it at 2% cuz as I said I don't think it's going to appreciate much more than average"
Real Estate Long-Term Appreciation
Pending
Following an upfront $50,000 rehab (including major components like electrical, HVAC, roof, and paneling), future ongoing repairs and maintenance costs for the property are expected to be lower and return to normal levels.
"after that I think that we're have just like normal repairs in capex because with that 50 Grand I'm expecting we're going to have to do new electrical probably do a new HVAC system we might need a new roof new paneling like a lot of stuff needs to go into that and so um I'm expecting lower repairs and maintenance going forward because we're going to put a lot of that expense up front"
Real Estate Maintenance Costs (Detroit Duplex)
Pending