10639 Stratman St, Detroit, MI 48224

Total Investment: $63,936.00

It looks like you have not yet completed KYC, or have not yet completed a purchase. Rent reinvestment is only available to customers who have completed KYC and made a purchase.
Stock: 382

Questions/Need Help? Email Us.

Is this order a gift?

Learn More

To make your order a gift, just check 'This order is a gift' at checkout, then enter the recipient's name, email, and your preferred delivery date. We'll email you a printable certificate to give in person, and we'll email that certificate to the gift recipient on the delivery date, too.

The recipient can follow a simple link or QR code to register and complete ID verification, including registering an Ethereum wallet. When they're done, we'll dispense their gift tokens!

Note: Tokens may not yet be gifted to minors.

Important: Gift recipients who are U.S. citizens or residents must be verified as Accredited Investors before we can dispense their gifts.

Reinvestment Property

This property cannot currently be purchased through a traditional sale. It can only be acquired by opting into our rent reinvestment program.

Rent reinvestment will apply to all rent paid after the date of enrollment, and will continue until your reinvestment period ends.

Once you choose to reinvest your rent in a property, you cannot opt out until your reinvestment period ends. For more information, please press the 'REINVEST' button on this page.

Property Highlights

  • Expected Yield

    11.05%
  • Rent Start Date

    2021-04-19
  • Rent per Token

    $5.89 / year
  • Token Price

    $53.28
  • Total Tokens

    1,200
  • Property Type

    Single Family
  • Construction Year

    1942
  • Neighborhood

    Outer Drive - Hayes
  • Square Feet

    1,552
  • Lot Size

    3,920
  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rented?

    Fully Rented
  • Section 8?

    No

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

    $9,240.00
  • Gross Rent / month

    $770.00
  • Monthly Costs

    - $181.17
    • Property Management (8.00%)
      - $61.60
    • RealT Platform (2.00%)
      - $15.40
    • Property Taxes
      - $54.17
    • Insurance
      - $50.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $588.83
  • Net Rent / year

    $7,065.96
  • Total Investment

    $63,936.00
    • Underlying Asset Price
      $56,000.00
    • RealT Listing Fee (10%)
      $6,393.33
    • Initial Maintenance Reserve
      $1,540.00
  • Expected Yield

    11.05%

Maintenance Reserve

Map

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.

Token-Holder’s Options for Disbursement of Dividends Terms & Conditions

WHEREAS RealToken Inc. is transitioning to the Ethereum “LAYER 2” known as“xDai”;

WHEREAS Token-Holders can now choose between three options to receivedividends representing the rental income from all of the Token-Holder’scryptographic tokens expressing ownership of Series LLCs as described in theirrespective Offering Memorandums, Supplement Memorandums and SeriesDescriptions (hereafter “RealTokens”), including those that are generated from theRe-Investment Option (described below). Those three options are:

  1. To receive the income in Stable-coin (currently USDC) directly on the xDaiblockchain (hereafter the xDai Option);

  2. To accumulate the income in Stable-coin (currently USDC) in a smart contractwith the option to “claim” the USDCs on the Ethereum blockchain at the timeof the Token Holder’s choosing and at the cost of the Token Holder (Hereafter the Accumulation Option);

  3. To re-invest the income in cryptographic tokens of another RealToken SeriesLLC owning exclusively a real estate property described in APPENDIX A whichincludes the Offering Memorandum, its Supplement, and its SeriesDescription (hereafter the Re-Investment Option).

WHEREAS the Token-Holder is aware that:

  1. It is possible to change between options A or B at any time;

  2. If the “Re-Investment Option” (Option C) is chosen, the choice is set andcannot be modified until either

    1. tokens of another Series LLC become available for another “re-investmentoption”, or

    2. until the tokens of the current Series LLC in the “re-investment option”are sold-out, or

    3. until the undersigned TokenHolder has acquired a maximum of 10% (tenpercent) of the available tokens of the current Series LLC for the “re-investment option”; or

    4. until the Managing Member (Currently RealToken Inc.) opts to put theremainder of the available tokens (less the standard Token Reserves) ofthe Series LLC for sale on the RealToken Inc. platform;

    at which time the Token-Holder will be able to choose once again amongstthe options then available.

NOW THEREFORE, the undersigned Token-Holder agrees to the terms andconditions described herein and confirms having chosen Option C, the “Re-Investment Option” as described above:

I hereby confirm my full understanding of the above terms and conditions, including the unchangeablenature of Option C until one of the aforementioned events are met and I hereby irrevocably confirm my choice of Option C: The “Re-Investment Option”.

Thank you! NEXT STEPS
  1. Sign Contract: Please sign the reinvestment contract sent to your email. If you do not sign the contract before your next rent payment, rent will be paid to your previous rent payment type or the default “Claim on Mainnet” option, if no rent payment type was selected.
  2. Select Rent Payment Fallback Type: Ensure that you have selected a rent payment fallback type in your Portfolio. Press the 'Next' button below to go there now.
I'm sorry, something went wrong went wrong when trying to opt in for this property. Please refresh the page and try again, or contact support.