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9336 Patton St, Detroit, MI 48228

View Smart Contracts: Eth xDai

Total Investment: $ 65,500.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    12.54%

    Not including capital appreciation

  • Rent per Token

    $ 8.21 / year

  • Rent Start Date

    January 28, 2020

  • Token Price

    $ 65.50

  • Total Tokens

    1,000

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

    Single Family

  • Full Address

    9336 Patton St, Detroit, MI 48228

  • Country

    USA

  • Source

    RealT

  • Construction Year

    1950

  • Bedroom/Bath

    3 Bed. / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,160.00

  • Gross Rent / month

    $ 930.00

  • Monthly Costs

    - $ 245.79
    • Property Management (7.00%)
      - $ 65.10
    • RealT Platform (2.00%)
      - $ 18.60
    • Property Taxes
      - $ 107.92
    • Insurance
      - $ 54.17
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 684.21

  • Net Rent / year

    $ 8,210.52

  • Total Investment

    $ 65,500.00
    • Underlying Asset Price
      $ 65,000.00
    • Initial Maintenance Reserve
      $ 500.00
    • Unrounded Listing Price
      $ 65,500.00

  • Expected Income

    12.54%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227

  • Interior Size (sqft)

    850

Blockchain

  • Identifier

    REALTOKEN-9336-PATTON-ST-DETROIT-MI

  • Total Tokens

    1000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    August 7, 2019

  • Issuer

    RealToken LLC - Series 5 - 9336-Patton

  • Min. Investment Amount

    $65.50

  • Max. Investment Amount

    $65,500.00

  • Amount Raised

    $65,500.00

  • Offering Percent (of Total Tokens)

    100.00%

Property Valuation

  • 2021

    May 13
    645 days since prior valuation

    Asset Valuation

    $ 65,000.00

    Annual Change

    +7.95%

    Total Investment

    $ 65,500.00

    Token Price

    $ 65.50

    Capital ROI

    +7.23%

    Reg Distributed

    $ 5,204.10

    New Photos

    No new photos at this time.

  • 2019

    Aug 07
    Initial Valuation

    Asset Valuation

    $ 57,000.00

    Total Investment

    $ 62,700.00

    Token Price

    $ 62.70

    Initial Valuation

    Values derived in: Property Financials Tab

About the Property

9336 Patton Street is a single-family home located in the Franklin Park neighborhood of the greater Detroit area. Patton is a mid-century 3 bed, 1 bath, single floor property. Patton is local to a number of community churches, as well as up the street from the Dearborn campus of the University of Michigan.

Just three blocks away from Patton is Rouge Park, a 1,200 acre park that is 40% larger than New York’s Central Park! The park has more than a dozen amenities that are completely unique to Detroit, such as the only Michigan Mountain Biking Association trail in Wayne County, an archery range, and the 15-acre tall-grass prairie with an ecosystem that supports butterflies and other wildlife.

The Franklin Park neighborhood is a blue-collar area where the resurgence of the automobile industry has positively impacted the local housing market.

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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