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1 Holdings Rohns St, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 766,840.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.89%

    Not including capital appreciation

  • Rent per Token

    $ 4.99 / year

  • Rent Start Date

    March 12, 2023

  • Token Price

    $ 50.45

  • Total Tokens

    15,200

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 Rohns St, Detroit, MI 48214

  • Neighborhood

    Gratiot Woods

  • Construction Year

    2006-2007

  • Stories

    2 Stories

  • Total Units

    12 Units

  • Bedroom/Bath

    (4 Beds / 2 Baths) x 4 ; (3 Beds / Bath) x 8

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 42

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 103,284.00

  • Gross Rent / month

    $ 8,607.00

  • Monthly Costs

    - $ 2,287.70
    • Property Management (8.00%)
      - $ 688.56
    • RealT Platform (2.00%)
      - $ 172.14
    • Maintenance Expenses
      - $ 980.00
    • Property Taxes
      - $ 156.00
    • Insurance
      - $ 291.00

  • Net Rent / month

    $ 6,319.30

  • Net Rent / year

    $ 75,831.60

  • Total Investment

    $ 766,840.00
    • Underlying Asset Price
      $ 660,000.00
    • Operating Expense Reimbursement (10%)
      $ 76,690.44
    • Initial Maintenance Reserve
      $ 17,214.00
    • Initial Renovation Reserve
      $ 12,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 766,904.44
    • Rounding Difference
      - $ 64.44

  • Expected Income

    9.89%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    68,909

  • Foundation

    Poured Concrete

  • Exterior Walls

    Wood Siding / Brick

  • Roof Type

    Asphalt

  • Parking

    Attached Garage

  • Interior Size (sqft)

    16,266

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    B

  • Renovated

    Very well-maintained

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

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

  • Total Tokens

    15200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 16, 2023

  • Issuer

    RealToken International 1 Holdings Rohns St Inc

  • Min. Investment Amount

    $50.45

  • Max. Investment Amount

    $766,840.00

  • Amount Raised

    $766,840.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Rohns St

After the historic offering of 1 Holdings Holcomb St, the first RealToken grouping 17 properties, RealT is following up with another: 1 Holdings Rohn! This RealToken allows you to gain exposure to 12 Single Family Rentals, each of which has an attached garage. These properties were built by the same promoter in 2006-2007, and all benefit from the same Section 42 tax advantages!

Rohns Street lies parallel to Holcomb Street in the same neighborhood. By purchasing RealTokens from these two offerings, you can take advantage of our concentric circle acquisition strategy where every $ invested in one of the properties benefits the perceived value of the other properties.

As you can see from the pictures, these properties are very well-maintained. We have allocated a maintenance reserve of $17,214 and a renovation budget of $12,000 for the whole group to ensure they maintain their value.

Thanks to Section 42, the federal government covers 100% of the rent for all of these properties! That means Rohns is likely to be an exceptionally stable investment, with a current expected income of 9.89% to our Token Holders.

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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