Live Auction Nov 7 1PM - 5PM EST, 2026
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Online Auction

18753 San Diego Blvd

Lathrup Village, MI 48076
$259,348 Starting Bid
3Beds2Baths2,287Sq. Ft.

Auction Starts In

0
Hours
0
Mins
0
Secs
Starting Bid$259,348
Bid Increment
$1,000
Reserve
Coming soon
Sold
Not yet
REO Bank Owned
Built in 1938
$269,256 Market estimate
2,287 Sq Ft
$2,824 Estimated rent

Home value

Market estimate
$269,256
Estimated Monthly Rent
$2,824

About this Property

A single family home built in 1938 is located at 18753 San Diego Blvd in Lathrup Village, MI. This property features 3 bedrooms, 2 bathrooms, and 2287 sq ft of living space. It sits on a 11326 sq ft lot....

This 3 bedroom, 2 bathroom property is located in Lathrup Village, MI. With 2,287 square feet and built in 1938, this property presents a great opportunity for investors and home buyers alike.

What this place offers

3 Bedrooms
2 Bathrooms
2,287 sqft
11,326 SqFt
Built in 1938
2 Total spaces
Central air conditioning
N/A

Key Features

Cash Only
Eviction Partner

Documents

Preliminary Report

Listing Agent Info

Darryl L Sanders

248-423-3700
Brokerage
Treasure Homes, Inc
Managing Broker
Darryl L Sanders

Register to view Agent's Details

18753 San Diego Blvd

Lathrup Village, MI 48076

3 bed•2 bath•2,287 Sq. Ft.

Purchase Price

$24,701

Net Annual Cash Flow

+$2,058/mo

Income
Gross Annual Rent
$2,824/mo × 12 — rental estimate from Vihara Analytics · Oct 2026
$33,888
Vacancy Loss
Gross rent × 0% vacancy rate. Adjust below. Oakland avg ~5%.
−$0
Net Annual Revenue
Gross rent minus vacancy loss
$33,888
Expenses
Property Tax
Annual property tax from Alameda County assessor records via Vihara Analytics (2025)
−$9,187
HOA Dues
$0/mo × 12 — from listing data (Victoria Court HOA)
−$0
Property Management
Net revenue × 0% — industry standard for long-term rental management. Adjust below.
−$0
Maintenance Reserve
Purchase price × 0% — standard reserve for repairs & upkeep. Adjust below.
−$0
Total Expenses
Property Tax + HOA + Management + Maintenance
−$9,187
Net Cash Flow
Annual Net Cash Flow
Net Revenue − Total Expenses
$24,701
Source: Vihara Analytics · 2026

$64,837

Total Cash Required

to close this deal

Cash at Closing
Down Payment
Purchase price × 20% — adjust below
$51,870
Closing Costs
Purchase price × 5% — standard estimate for CA. Adjust below.
$12,967
Total Required
Down Payment + Closing Costs
$64,837
Adjust Assumptions
Down Payment
% of purchase price paid upfront. Typical: 20–25% for investment properties.
%
Closing Costs
% of purchase price. California avg: 2–4%. Includes title, escrow, transfer tax.
%
Vacancy Rate
% of year property sits vacant. Oakland market avg ~5%. Affects net revenue.
%
Mgmt Fee
% of net rent paid to property manager. Industry standard: 8–12% for LTR.
%
Maintenance
% of purchase price reserved annually for repairs. Rule of thumb: 1% per year.
%

Lathrup Village Market Context

Market factors used to inform your calculation assumptions

Market Vacancy Rate
Lathrup Village rental vacancy rate per U.S. Census ACS 2023. Your default assumption of 5% is slightly conservative — a reasonable buffer for investor planning. Source: U.S. Census Bureau ACS 2023
~4.2%Lathrup Village rental market
Price vs. Market estimate
Purchase price $259,348 vs Vihara Analytics estimated value $269,256. A purchase below estimated value provides a built-in equity cushion. Source: Vihara Analytics · Oct 2026
4% belowEst. value $269,256
Avg Days on Market
Properties in Lathrup Village sit on market for 37 days on average. Higher DOM can indicate negotiation leverage for buyers. Source: Vihara Analytics · Oct 2026
37 daysLathrup Village market
Rent-to-Price Ratio
$2,824 monthly rent ÷ $259,348 purchase price. Lathrup Village market avg is ~0.5–0.7%. Above 0.7% is considered strong for this market. Source: Vihara Analytics · Oct 2026
1.09%Monthly rent ÷ purchase price

⚠️ Market factors are estimates based on available data and public records. They inform but do not replace professional investment advice.

$33,888

Projected Annual Revenue

Monthly rent of $2,824 with 0% vacancy rate accounts for the net annual revenue projection.

Monthly Rent$2,824
Annual Revenue (Gross)$33,888
Vacancy Rate0%
Annual Revenue (Net)$33,888
Source: Vihara Analytics · 2026

Investment Metrics

Cap Rate
Annual Rent ÷ Purchase Price × 100
+9.52%
Cash on Cash Return
Monthly Rent ÷ Purchase Price × 100
+38.10%
Purchase Price
Current bid or starting bid from auction listing
$259,348

Comparable Sales

Comparable sales data not available for this location.

Property Tax Assessment

Annual property tax information for 2025. This data is sourced from county tax assessor records.

Annual Property Tax

2025
$9,187
Monthly Estimate$766

Assessed Value

2025
$139,785
Effective Tax Rate6.57%

Important: Property tax information is sourced from county tax assessor records and public property databases. Actual tax amounts may vary based on exemptions, special assessments, and other local factors. Please verify with your county tax assessor for the most current information.

Source: Vihara Analytics · 2026