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2661-2663 Cortland St, Detroit, MI 48206

View Smart Contracts: Eth xDai

Total Investment: $ 89,850.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    16.48%

    Not including capital appreciation

  • Rent per Token

    $ 8.71 / year

  • Rent Start Date

    November 1, 2021

  • Token Price

    $ 52.85

  • Total Tokens

    1,700

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above yield for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

  • Property Type

    Duplex

  • Full Address

    2661 Cortland St, Detroit, MI 48206

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Dexter - Linwood

  • Construction Year

    1925

  • Total Units

    2 Units

  • Bedroom/Bath

    3x2 Bed / 2x2 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 19,920.00

  • Gross Rent / month

    $ 1,660.00

  • Monthly Costs

    - $ 426.00
    • Property Management (8.00%)
      - $ 132.80
    • RealT Platform (2.00%)
      - $ 33.20
    • Maintenance Expenses
      - $ 40.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 60.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 1,234.00

  • Net Rent / year

    $ 14,808.00

  • Total Investment

    $ 89,850.00
    • Underlying Asset Price
      $ 89,200.00
    • Initial Maintenance Reserve
      $ 650.00
    • Unrounded Listing Price
      $ 89,850.00

  • Expected Income

    16.48%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Exterior Walls

    Brick

  • Roof Type

    Gable

  • Parking

    1 Detached Garage

  • Interior Size (sqft)

    2,600

  • Heating

    Gas/Forced Hot Air

  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    October 28, 2021

  • Issuer

    RealToken LLC - Series #167 - 2661-2663 Cortland

  • Min. Investment Amount

    $52.85

  • Max. Investment Amount

    $89,850.00

  • Amount Raised

    $89,850.00

  • Offering Percent (of Total Tokens)

    100.00%

Property Valuation

  • 2023

    May 26
    575 days since prior valuation

    Asset Valuation

    $ 89,200.00

    Annual Change

    +12.03%

    Total Investment

    $ 89,850.00

    Token Price

    $ 52.85

    Capital ROI

    +9.19%

    Reg Distributed

    $ 8,600.00

    New Photos

    No new photos at this time.

  • 2021

    Oct 28
    Initial Valuation

    Asset Valuation

    $ 75,000.00

    Total Investment

    $ 86,003.00

    Token Price

    $ 50.59

    Initial Valuation

    Values derived in: Property Financials Tab

About the Property

2661-2663 Cortland

Detroit is a city full of historic beauties, and Cortland is one of them! This Victorian-style brick home contains two full units with three bedrooms each, along with separate boilers, hot water tanks, and basements for each unit. The property also benefits from recent minor renovations.

Cortland is complemented by similar neighboring homes, and is positioned with easy access to shopping, dining, and commuter routes. This duplex is located in the Dexter-Linwood neighborhood, a very trending area where homeowners recognize the historical value of their properties and maintain them accordingly. And the homes aren’t the only historic buildings nearby: Central High School just down the road is the State of Michigan’s first and oldest high school.

This is your opportunity to invest in an iconic piece of Detroit’s history!

Map

Property Records

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Why Detroit?

INVEST RIGHT

Detroit, one of the fastest growing major cities in America and best kept real estate secrets, is rich with history, and  possesses a colorful cultural fabric. Despite being among the 15 largest metro areas in the US, Detroit drivers spend the least amount of time in traffic during peak periods. Beyond automotive innovation, Detroit is home to dozens of startup incubators, and is surging on Inc.’s list of top 50 cities to start a business*. Root for the Lions, Tigers, Pistons and Red Wings, or enjoy the outdoors with over 200 miles of hiking trails nearby, 9 state parks, and over 3200 miles of coastline to explore.

There’s something for everyone here, because Detroit is for everybody.

The Interests, in the form of Series #1 RealTokens and future series of RealTokens, being offered are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose their entire investment. There can be no assurance that the Company’s business objectives will be achieved or that a secondary market would ever develop for the Interests, whether via the RealToken Website, via third party registered broker-dealers or otherwise. Investing in private placements requires high risk tolerance, low liquidity concerns, and long-term commitments. The Interests being sold are not FDIC insured, may lose value, and there is no bank or other guarantee.

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