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1 Holdings Kinafremoha St, Detroit, MI 48215

View Smart Contracts: Eth xDai

Total Investment: $ 524,064.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.79%

    Not including capital appreciation

  • Rent per Token

    $ 4.98 / year

  • Rent Start Date

    June 15, 2023

  • Token Price

    $ 50.88

  • Total Tokens

    10,300

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

  • Full Address

    1 Holdings Kinafremoha St, Detroit, MI 48215

  • Neighborhood

    Jefferson Chalmers

  • Construction Year

    2000

  • Total Units

    8 Units

  • Bedroom/Bath

    4 x (4 Bed/1.5 Bath) ; 1 x (4 Bed/1 Bath) ; 1 x (3 Bed/1.5 Bath) ; 2 x (3 Bed/1 Bath)

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 87,780.00

  • Gross Rent / month

    $ 7,315.00

  • Monthly Costs

    - $ 3,041.50
    • Property Management (8.00%)
      - $ 585.20
    • RealT Platform (2.00%)
      - $ 146.30
    • Maintenance Expenses
      - $ 800.00
    • Property Taxes
      - $ 1,210.00
    • Insurance
      - $ 300.00

  • Net Rent / month

    $ 4,273.50

  • Net Rent / year

    $ 51,282.00

  • Total Investment

    $ 524,064.00
    • Underlying Asset Price
      $ 448,000.00
    • Operating Expense Reimbursement (10%)
      $ 52,403.33
    • Initial Maintenance Reserve
      $ 14,630.00
    • Initial Renovation Reserve
      $ 8,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 524,033.33
    • Rounding Difference
      $ 30.67

  • Expected Income

    9.79%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    39,195

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    10,297

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Fully Renovated

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-1-HOLDINGS-KINAFREMOHA-ST-DETROIT-MI

  • Total Tokens

    10300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 5, 2023

  • Issuer

    RealToken International 1 Holdings Kinafremoha Inc

  • Min. Investment Amount

    $50.88

  • Max. Investment Amount

    $524,064.00

  • Amount Raised

    $524,064.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Kinafremoha

This new holding portfolio comprises 8 single-family homes grouped into two clusters. “Kinafremoha” incorporates the first two letters of the streets on which these properties are located: Kitchener, Navahoe, Montclair, and Harding.  (The name also includes the “fr” is from French, which was an early error that cannot be easily changed)

These 8 homes are all tightly co-located with their neighbors, which enables significant savings in maintenance, renovations, and management expenses, as well as compounding the effects of improvements in perceived property value.

Surprisingly, we have budgeted only $8,000 in renovations for the whole group of 8 homes. They are in excellent condition, and 4010 Harding is in the middle of having new siding installed, as you can see from the photos. We anticipate standard maintenance costs for the whole portfolio, and very little in the way of initial renovations. This should make for a stable rental income of 9.79%, diversified across multiple properties.

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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