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1 Holdings Tappan St, Detroit, MI 48234

View Smart Contracts: Eth xDai

Total Investment: $ 402,080.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    10.18%

    Not including capital appreciation

  • Income Start Date

    December 1, 2023
  • Income per Token

    $ 5.12 / year
  • Token Price

    $ 50.26
  • Total Tokens

    8,000

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

    SFR Portfolio
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Coleman Young International Airport
  • Construction Year

    2000-2008
  • Total Units

    6 Units
  • Bedroom/Bath

    6x4 Beds / 6x2 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 66,540.00
  • Gross Income / month

    $ 5,545.00
  • Monthly Costs

    - $ 2,134.50
    • Property Management (8.00%)
      - $ 443.60
    • RealT Platform (2.00%)
      - $ 110.90
    • Maintenance Expenses
      - $ 540.00
    • Property Taxes
      - $ 770.00
    • Insurance
      - $ 270.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 3,410.50
  • Net Income / year

    $ 40,926.00
  • Total Investment

    $ 402,080.00
    • Underlying Asset Price
      $ 324,000.00
    • Sourcing Fee (10%)
      $ 40,210.00
    • Initial Maintenance Reserve
      $ 11,090.00
    • Initial Renovation Reserve
      $ 23,000.00
    • Administrative Fees
      $ 2,000.00
    • Miscellaneous Costs
      $ 1,800.00
    • Unrounded Listing Price
      $ 402,100.00
    • Rounding Difference
      - $ 20.00
  • Expected Income

    10.18%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    35,763
  • Foundation

    Masonry
  • Exterior Walls

    Brick / Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    8,077
  • Heating

    Gas / Forced Air w/ ducts
  • Building Class

    C
  • Renovated

    Well-maintained
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

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

    8000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 3, 2023
  • Issuer

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

    $50.26
  • Max. Investment Amount

    $402,080.00
  • Amount Raised

    $402,080.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Tappan

We’re proud to introduce the 1 Holdings Tappan properties. These homes are nestled in a neighborhood near a local airport and multiple large corporations, but also enriched with parks and the serene Forest Lawn Cemetery.

1 Holdings Tappan encompasses a collection of 6 single-family homes, all with 4 bedrooms, reflecting the essence of comfortable living. Their proximity to one another on the same street amplifies the benefits of our economy-of-scale approach, optimizing maintenance costs and collectively enhancing property values.

A renovation budget of $23,000 has been set aside specifically for these homes. This budget will address various maintenance tasks, including garage repairs, sprinkler system updates, paint, a little plumbing work, landscaping upkeep, and gutter maintenance.

These homes were purchased from the same sellers as the Arcola and Palmetto holdings, giving them a projected rental income of 10.18% due to their average acquisition price of $40.14/sqft.

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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