10616 McKinney St, Detroit, MI 48224

Total Investment: $65,169.00

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Property Highlights

  • Expected Yield

    11.46%
  • Rent Start Date

    2020-08-16
  • Rent per Token

    $5.75 / year
  • Token Price

    $50.13
  • Total Tokens

    1,300
  • Property Type

    Single Family
  • Neighborhood

    Yorkshire Woods
  • Square Feet

    1,139
  • Lot Size

    4,353
  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rented?

    Fully Rented
  • Section 8?

    Yes
  • Section 8 Pays...

    100%

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple 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.

Financials

  • Gross Rent / year

    $9,900.00
  • Gross Rent / month

    $825.00
  • Monthly Costs

    - $202.50
    • Property Management (8.00%)
      - $66.00
    • RealT Platform (2.00%)
      - $16.50
    • Property Taxes
      - $70.00
    • Insurance
      - $50.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $622.50
  • Net Rent / year

    $7,470.00
  • Total Investment

    $65,169.00
    • Underlying Asset Price
      $57,000.00
    • RealT Listing Fee (10%)
      $6,519.00
    • Initial Maintenance Reserve
      $1,650.00
  • Expected Yield

    11.46%

Maintenance Reserve

About the Property

10616 McKinney St. is a single-family home in Detroit, MI 48224. Built in 1941, this 1,140 square foot house sits on a 4,356 square foot lot and features 1 bathroom.

This property is located in the Yorkshire Woods neighborhood of Detroit. McKinney is near to a few schools including Marvin L. Winans Academy of Performing Arts Elementary, Marvin L. Winans Academy Middle School and Carleton Elementary School.

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