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11125 Craft St, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 70,796.10

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.21%

    Not including capital appreciation

  • Rent per Token

    $ 4.62 / year

  • Rent Start Date

    January 1, 2024

  • Token Price

    $ 50.21

  • Total Tokens

    1,410

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

    11125 Craft St, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Conner

  • Construction Year

    1939

  • Bedroom/Bath

    3 Beds / 1.5 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,496.00

  • Gross Rent / month

    $ 958.00

  • Monthly Costs

    - $ 414.80
    • Property Management (8.00%)
      - $ 76.64
    • RealT Platform (2.00%)
      - $ 19.16
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 153.00
    • Insurance
      - $ 56.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 543.20

  • Net Rent / year

    $ 6,518.40

  • Total Investment

    $ 70,796.10
    • Underlying Asset Price
      $ 55,000.00
    • Operating Expense Reimbursement (10%)
      $ 7,079.56
    • Initial Maintenance Reserve
      $ 1,916.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 70,795.56
    • Rounding Difference
      $ 0.54

  • Expected Income

    9.21%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,704

  • Foundation

    Masonry

  • Exterior Walls

    Brick / Siding

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,251

  • Heating

    Forced Air w/ Ducts

  • Building Class

    C

  • Renovated

    Partial

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-11125-CRAFT-ST-DETROIT-MI

  • Total Tokens

    1410

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 22, 2023

  • Issuer

    RealToken International 11125 Craft St Inc

  • Min. Investment Amount

    $50.21

  • Max. Investment Amount

    $70,796.10

  • Amount Raised

    $70,796.10

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

11125 Craft

Introducing 11125 Craft, a single-family residence in the Conner neighborhood strategically positioned for investors seeking a lucrative rental property. This home features 1,251 square feet of living space, including 3 bedrooms and 1.5 bathrooms, in a charming brick structure.  The interior has been renovated to ensure a comfortable living space for residents, and additional amenities include an interior fireplace and a detached garage

The property is located near Long Home Care Center and Rising Star Missionary Church, providing convenient access to community resources. Noteworthy is its proximity to other RealT properties, including 9950 Beaconsfield and 10822 Whitehill, allowing for optimization of maintenance costs and a collective enhancement of property values for these locations. RealT’s growth strategy in concentric circles aims to maximize economies of scale for investors’ benefit.

11125 Craft is expected to generate a 9.21% rental income, and it was purchased for a reasonable $55,000. A $4,000 renovation budget is included in the listing price for painting, siding upgrades, and other enhancements, making this property a well-kept and appealing option for tenants. With its strategic location, recent renovations, and added features, 11125 Craft presents a promising opportunity for investors looking to expand their rental property portfolio.

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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