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1 Holdings Helen St, Detroit, MI 48234

View Smart Contracts: Eth Gnosis

Total Investment: $ 140,168.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.12%

    Not including capital appreciation

  • Income per Token

    $ 4.57 / year
  • Income Start Date

    January 1, 2024
  • Token Price

    $ 50.06
  • Total Tokens

    2,800

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

    SFR Portfolio
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Sherwood
  • Construction Year

    1950
  • Total Units

    2 Units
  • Bedroom/Bath

    2x3 Beds / 2x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 20,100.00
  • Gross Rent / month

    $ 1,675.00
  • Monthly Costs

    - $ 609.50
    • Property Management (8.00%)
      - $ 134.00
    • RealT Platform (2.00%)
      - $ 33.50
    • Maintenance Expenses
      - $ 200.00
    • Property Taxes
      - $ 132.00
    • Insurance
      - $ 110.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 1,065.50
  • Net Rent / year

    $ 12,786.00
  • Total Investment

    $ 140,168.00
    • Underlying Asset Price
      $ 110,000.00
    • Sourcing Fee (10%)
      $ 14,016.67
    • Initial Maintenance Reserve
      $ 3,350.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 140,166.67
    • Rounding Difference
      $ 1.33
  • Expected Income

    9.12%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    10,193
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,688
  • Heating

    Forced Air w/ Ducts
  • Building Class

    C
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-1-HOLDINGS-HELEN-ST-DETROIT-MI
  • Total Tokens

    2800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 15, 2023
  • Issuer

    RealToken International 1 Holdings Helen St Inc
  • Min. Investment Amount

    $50.06
  • Max. Investment Amount

    $140,168.00
  • Amount Raised

    $140,168.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Helen

This new holdings group comprises two single-family residences on the same block in the Sherwood neighborhood of Detroit. Each property features 3 bedrooms and 1 bathroom, making them suitable for families seeking a comfortable living space.

20000 Helen has a cozy 690 sqft interior, and 20032 Helen enjoys 998 sq. ft. of living space.  Both homes sit on spacious 5,097 sqft lots with a detached garage.  Near the properties, the Bright Beginnings Child Care and the Hope Bible Fellowship church provide easy access to essential services for tenants.

This group is located quite close to our sold-out property, 4021 E Outer Dr, and this creates economies of scale for investors. Maintenance and management expenses are easily shared, which creates savings and improves yields.

With an anticipated rental income of 9.12%, a competitive acquisition price of only $110,000 for both properties, and a $10,000 renovation budget allocated for deferred maintenance and general improvements, 1 Holdings Helen deserves to be the next addition to your portfolio!

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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