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11420 Montrose St, Detroit, MI 48227

View Smart Contracts: Eth Gnosis

Total Investment: $ 70,938.00

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

    9.27%

    Not including capital appreciation

  • Income per Token

    $ 4.70 / year

  • Income Start Date

    June 1, 2023

  • Token Price

    $ 50.67

  • Total Tokens

    1,400

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

    11420 Montrose St, Detroit, MI 48227

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Brooks

  • Construction Year

    1930

  • Bedroom/Bath

    3 Bed / 1.5 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 8

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 11,040.00

  • Gross Rent / month

    $ 920.00

  • Monthly Costs

    - $ 372.00
    • Property Management (8.00%)
      - $ 73.60
    • RealT Platform (2.00%)
      - $ 18.40
    • Maintenance Expenses
      - $ 115.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 40.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 548.00

  • Net Rent / year

    $ 6,576.00

  • Total Investment

    $ 70,938.00
    • Underlying Asset Price
      $ 54,000.00
    • Sourcing Fee (10%)
      $ 7,093.33
    • Initial Maintenance Reserve
      $ 1,840.00
    • Initial Renovation Reserve
      $ 7,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 70,933.33
    • Rounding Difference
      $ 4.67

  • Expected Income

    9.27%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,375

  • Foundation

    Masonry block

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,332

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Partial

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-11420-MONTROSE-ST-DETROIT-MI

  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 25, 2023

  • Issuer

    RealToken International 11420 Montrose St Inc

  • Min. Investment Amount

    $50.67

  • Max. Investment Amount

    $70,938.00

  • Amount Raised

    $70,938.00

  • 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.

Learn More

About the Property

11420 Montrose

11420 Montrose and ​​12091 Montrose are two single family residences located on an active street in the west end of the city, home to many shops, restaurants, churches, and a park (Doan Playground). For those who like to build a diversified portfolio while concentrating their purchases in one area, these two offerings fit the bill perfectly.

These two properties are 100% Section 8. For our new investors, this means that the rent is fully subsidized by the government!

We have budgeted $4000 in renovations in order to be able to distribute an expected rental income of 9.27%.

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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