Name: 893-895 W Philadelphia St, Detroit, MI 48202
SKU: 186645
Price: 54.950000 USD
Availability: InStock

It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.

893-895 W Philadelphia St, Detroit, MI 48202

View Smart Contracts: Eth xDai

Property Highlights

Expected Income
10.81%
Not including capital appreciation
Rent per Token
$ 5.94 / year
Rent Start Date
June 23, 2021
Token Price
$ 54.95
Total Tokens
1,800

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
893-895 W Philadelphia St, Detroit, MI 48202
Country
USA
Source
RealT
Neighborhood
Piety Hill
Construction Year
1908
Total Units
2 Units
Bedroom/Bath
2x2 / 2x1
Rental Type
Long-term
Rented?
Fully Rented
Rent Subsidy?
No

Property Financials

Gross Rent / year
$ 15,600.00
Gross Rent / month
$ 1,300.00
Monthly Costs
- $ 409.35
- Property Management (8.00%)
  - $ 104.00
- RealT Platform (2.00%)
  - $ 26.00
- Property Taxes
  - $ 199.35
- Insurance
  - $ 80.00
- Utilities
  Tenant-paid
Net Rent / month
$ 890.65
Net Rent / year
$ 10,687.80
Total Investment
$ 98,910.00
- Underlying Asset Price
  $ 98,000.00
- Initial Maintenance Reserve
  $ 910.00
- Unrounded Listing Price
  $ 98,910.00
Expected Income
10.81%
Not including capital appreciation

Property Details

Lot Size (sqft)
3,485
Parking
Street Parking

Interior Size (sqft)
1,415

Test Renovation content!

Offering Details

Offering Date
June 23, 2021
Issuer
RealToken LLC - Series #120 - 893-895 W Philadelphia
Min. Investment Amount
$54.95
Max. Investment Amount
$98,910.00
Amount Raised
$98,910.00
Offering Percent (of Total Tokens)
100.00%

Property Valuation

2022

Nov 14
509 days since prior valuation

Asset Valuation
$ 98,000.00

Annual Change
+19.57%

Total Investment
$ 98,910.00

Token Price
$ 54.95

Capital ROI
+11.84%

Reg Distributed
$ 9,288.89

New Photos
No new photos at this time.

View Appraisal Document
2021

Jun 23
Initial Valuation

Asset Valuation
$ 77,000.00

Total Investment
$ 92,880.00

Token Price
$ 51.60

Initial Valuation
Values derived in: Property Financials Tab

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.

It looks like you’re in the U.S.

893-895 W Philadelphia St, Detroit, MI 48202

Total Investment: $ 98,910.00

Reg S: Non-U.S. Only

Property Highlights

Expected IncomeExpected Income is calculated as Net Rent / Total Investment. It does not include the potential return to token-holders from capital appreciation on the asset itself.

Rent per TokenEver needed to move? RealT tenants are no different. Sometimes, life happens. RealT manages all maintenance and tenancy responsibilities, so you don’t have to. The cost of property maintenance is paid via the rental income of the property.

Rent Start DateIncome to token holders begins the Monday after the Rent/Interest Start Date. Income is paid weekly based on the rent/interest of the previous week (Monday - Sunday).

Token Price

Total Tokens

Property Type

Full Address

Country

Source

Neighborhood

Construction Year

Total Units

Bedroom/Bath

Rental Type

Rented?When not fully rented, this property may not pay full rent to token holders.

Rent Subsidy?Some of our properties enjoy rent subsidies from state or federal programs such as HUD Section 8 and Section 42. Rent-subsidized properties typically enjoy more stable rents.

Property Financials

Gross Rent / year

Gross Rent / month

Monthly Costs

Property Management (8.00%)

RealT Platform (2.00%)

Property Taxes

Insurance

Utilities

Net Rent / month

Net Rent / year

Total Investment Total Investment is currently calculated as Number of Tokens x Token Price. As a result of the two-decimal value of the Token Price, (Total Investment - Unrounded Listing Price) will typically be a difference of a few cents to a few dollars.

Underlying Asset Price

Initial Maintenance Reserve

Unrounded Listing Price

Expected Income Expected Income is calculated as Net Rent / Total Investment. It does not include the potential return to token-holders from capital appreciation on the asset itself.

Property Details

Lot Size (sqft)

Parking

Interior Size (sqft)

Test Renovation content!

Offering Details

Offering Date

Issuer

Min. Investment Amount

Max. Investment Amount

Amount Raised

Offering Percent (of Total Tokens)

Property Valuation

2022

Nov 14

Asset Valuation

Annual Change The Annual Change is the increase in property asset value since the prior valuation, divided by the years elapsed since the prior valuation, e.g., (2021 asset value - 2020 asset value) / (days elapsed / 365.25)

Total Investment The Total Investment is the nominal value of all the property’s tokens, and should always equal Total Tokens x Price per Token. Total Investment has many components; for a breakdown of all values that contribute to the Total Investment, please see the Financials tab.

Token Price The Token Price is the purchase price of a single token. It is also the price RealT will pay you if you sell back your token, less fees and subject to conditions.

Reg Distributed This is the nominal value of the REG governance tokens distributed to token-holders after the first revaluation. It is derived from the Offering Expense Reimbursement component of the initial Total Investment. Note that SOON tokens are the current placeholder for the REG.

New Photos

2021

Jun 23

Asset Valuation

Total Investment The Total Investment is the nominal value of all the property’s tokens, and should always equal Total Tokens x Price per Token. Total Investment has many components; for a breakdown of all values that contribute to the Total Investment, please see the Financials tab.

Token Price The Token Price is the purchase price of a single token. It is also the price RealT will pay you if you sell back your token, less fees and subject to conditions.

Initial Valuation

Map

Property Records

Why Detroit?

INVEST RIGHT

Previous Properties

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Expected Income

Rent per Token

Rent Start Date

Rented?

Rent Subsidy?

Total Investment

Expected Income

Annual Change

Total Investment

Token Price

Reg Distributed

Total Investment

Token Price