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11217 Greenwich Ave, Cleveland, OH 44105

View Smart Contracts: Eth xDai

Total Investment: $ 117,783.00

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

    11.40%

    Not including capital appreciation

  • Income Start Date

    July 8, 2021
  • Income per Token

    $ 5.84 / year
  • Token Price

    $ 51.21
  • Total Tokens

    2,300

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

    Duplex
  • Full Address

    11217 Greenwich Ave, Cleveland, OH 44105
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Union - Miles Park
  • Construction Year

    1924
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 / 2x1
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    56%

Property Financials

  • Gross Income / year

    $ 18,240.00
  • Gross Income / month

    $ 1,520.00
  • Monthly Costs

    - $ 401.16
    • Property Management (8.00%)
      - $ 121.60
    • RealT Platform (2.00%)
      - $ 30.40
    • Property Taxes
      - $ 65.83
    • Insurance
      - $ 83.33
    • Utilities
      - $ 100.00
  • Net Income / month

    $ 1,118.84
  • Net Income / year

    $ 13,426.08
  • Total Investment

    $ 117,783.00
    • Underlying Asset Price
      $ 103,000.00
    • Sourcing Fee (10%)
      $ 11,777.78
    • Initial Maintenance Reserve
      $ 3,000.00
    • Unrounded Listing Price
      $ 117,777.78
    • Rounding Difference
      $ 5.22
  • Expected Income

    11.40%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,120
  • Parking

    Detached Garage
  • Interior Size (sqft)

    1,850

Test Renovation content!

Offering Details

  • Offering Date

    June 1, 2021
  • Issuer

    RealToken LLC - Series #121 - 11217 Greenwich
  • Min. Investment Amount

    $51.21
  • Max. Investment Amount

    $117,783.00
  • Amount Raised

    $117,783.00
  • Offering Percent (of Total Tokens)

    100.00%

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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