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10048 Grayton St, Detroit, MI 48224

View Smart Contracts: Eth Gnosis

Total Investment: $ 81,780.80

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.02%

    Not including capital appreciation

  • Income per Token

    $ 4.67 / year

  • Income Start Date

    January 1, 2024

  • Token Price

    $ 51.76

  • Total Tokens

    1,580

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

    10048 Grayton St, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Yorkshire Woods

  • Construction Year

    1939

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 12,600.00

  • Gross Rent / month

    $ 1,050.00

  • Monthly Costs

    - $ 435.00
    • Property Management (8.00%)
      - $ 84.00
    • RealT Platform (2.00%)
      - $ 21.00
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 170.00
    • Insurance
      - $ 50.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 615.00

  • Net Rent / year

    $ 7,380.00

  • Total Investment

    $ 81,780.80
    • Underlying Asset Price
      $ 69,000.00
    • Sourcing Fee (10%)
      $ 8,177.78
    • Initial Maintenance Reserve
      $ 2,100.00
    • Initial Renovation Reserve
      $ 500.00
    • Administrative Fees
      $ 2,000.00
    • Unrounded Listing Price
      $ 81,777.78
    • Rounding Difference
      $ 3.02

  • Expected Income

    9.02%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,182

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,059

  • Heating

    Forced Air w/ Ducts

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-10048-GRAYTON-ST-DETROIT-MI

  • Total Tokens

    1580

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    December 27, 2023

  • Issuer

    RealToken International 10048 Grayton St Inc

  • Min. Investment Amount

    $51.76

  • Max. Investment Amount

    $81,780.80

  • Amount Raised

    $81,780.80

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

10048 Grayton

10048 Grayton was initially acquired for $58,000 in 2020, and was one of our first offerings (the 14th). Now, it has transitioned from Reg D to a Reg S offering, opening it to non-US investors for the first time!

This reinvestment property is a charming brick bungalow single-family home with 3 bedrooms and 1 bathroom. The well-kept residence has 1,059 square feet of living area and occupies 4,182 square feet of land.

Grayton is located in the Yorkshire Woods neighborhood on the far northeastern side of Detroit. This community engages in neighborhood revitalization efforts, with a focus on community gardens. It’s also home to the historic Denby High School, and residents participate in monthly block club meetings organized by the Yorkshire Woods Executive Board to discuss ways to enhance the Denby Community. With over 18 nearby schools, including the E.J. Clark Preparatory Academy and the famous Ronald Brown Academy, and convenient access to numerous grocery stores and retail shopping at Mack-Alter Square, Yorkshire Woods provides residents with convenience and accessibility.

Token-holders can anticipate a 9.02% expected rental income from this property, most recently valued at $69,000. Grayton has been managed by RealT’s property managers for over 3 years, so it’s well-maintained, and the listing price includes a $500 renovation budget intended to cover minor deferred maintenance and gardening. Don’t miss out on this reinvestment opportunity!

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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