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10130 Cedarlawn St, Detroit, MI 48204

View Smart Contracts: Eth xDai

Total Investment: $ 86,776.80

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

    9.51%

    Not including capital appreciation

  • Income Start Date

    August 1, 2024
  • Income per Token

    $ 4.77 / year
  • Token Price

    $ 50.16
  • Total Tokens

    1,730

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

    10130 Cedarlawn St, Detroit, MI 48204
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mackenzie
  • Construction Year

    1925
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 13,500.00
  • Gross Income / month

    $ 1,125.00
  • Monthly Costs

    - $ 437.50
    • Property Management (8.00%)
      - $ 90.00
    • RealT Platform (2.00%)
      - $ 22.50
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 687.50
  • Net Income / year

    $ 8,250.00
  • Total Investment

    $ 86,776.80
    • Underlying Asset Price
      $ 61,000.00
    • Sourcing Fee (10%)
      $ 8,677.68
    • Initial Maintenance Reserve
      $ 2,250.00
    • Initial Renovation Reserve
      $ 12,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 86,777.68
    • Rounding Difference
      - $ 0.88
  • Expected Income

    9.51%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,007
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,365
  • Heating

    Gas / Forced Water
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-10130-CEDARLAWN-ST-DETROIT-MI
  • Total Tokens

    1730

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 24, 2024
  • Issuer

    RealToken International 10130 Cedarlawn St Inc
  • Min. Investment Amount

    $50.16
  • Max. Investment Amount

    $86,776.80
  • Amount Raised

    $86,776.80
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Adorable and Spacious

10130 Cedarlawn is a cute single-family bungalow in the heart of the Mackenzie neighborhood. It features 3 inviting bedrooms and a 1 bathroom, making it the perfect setting for families or individuals seeking a spacious home. The property, set on a generous 4,007-square-foot lot, offers plenty of room for outdoor activities, whether it’s gardening, relaxing, or hosting gatherings. Situated near Mackenzie Elementary-Middle School, Hammerberg Playfield, and the Church of the Living God, Cedarlawn has plenty of amenities to offer its tenants.

Scenic Trails

The Mackenzie neighborhood is known for its collection of well-established communities featuring mature trees, quaint parks, and a prime location near I-96. Living here means you’re just a short drive away from some of Detroit’s most beloved attractions. Get in touch with nature at Rouge Park with its golf course, zoo, and scenic trails, or take a quick trip to downtown Detroit to explore cultural landmarks like the Detroit Historical Museum and the Motown Museum. The neighborhood’s rich history, highlighted by the iconic Mackenzie High School, adds to its unique appeal.

Maximized Returns

Cedarlawn offers a 9.51% expected income to token-holders. Its acquisition price was $61,000, and a renovation budget of $12,000 has been allocated for entrance renovations and maintenance of its siding and brickwork, intended to enhance this home’s timeless appeal even further. Its proximity to other RealT properties like 19335 Rutherford and 18900 Mansfield reflects a strategic investment approach aimed at maximizing returns and reinforcing the neighborhood’s upward trajectory.

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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