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11924 Payton St, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 88,025.00

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

    9.08%

    Not including capital appreciation

  • Income Start Date

    August 15, 2024

  • Income per Token

    $ 4.57 / year

  • Token Price

    $ 50.30

  • Total Tokens

    1,750

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

    11924 Payton St, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Denby

  • Construction Year

    1939

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long Term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 14,280.00

  • Gross Income / month

    $ 1,190.00

  • Monthly Costs

    - $ 524.00
    • Property Management (8.00%)
      - $ 95.20
    • RealT Platform (2.00%)
      - $ 23.80
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 200.00
    • Insurance
      - $ 85.00
    • Utilities
      Tenant-paid

  • Net Income / month

    $ 666.00

  • Net Income / year

    $ 7,992.00

  • Total Investment

    $ 88,025.00
    • Underlying Asset Price
      $ 65,000.00
    • Sourcing Fee (10%)
      $ 8,803.00
    • Initial Maintenance Reserve
      $ 2,380.00
    • Initial Renovation Reserve
      $ 9,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 88,033.00
    • Rounding Difference
      - $ 8.00

  • Expected Income

    9.08%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,312

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,124

  • Heating

    Gas / Forced Air not Ducted

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-11924-PAYTON-ST-DETROIT-MI

  • Total Tokens

    1750

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    June 14, 2024

  • Issuer

    RealToken International 11924 Payton St Inc

  • Min. Investment Amount

    $50.30

  • Max. Investment Amount

    $88,025.00

  • Amount Raised

    $88,025.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Classic Brick Home

Introducing 11924 Payton, a cute single-family classic brick residence featuring 3 bedrooms and 1 bathroom. This home includes 2 convenient parking spaces and a grassy front yard with a pathway leading to the secure front entrance. Located near Denby High School, Skinner Playfield, and Mrs. Van International Outreach Church, this property offers both amenities and a strong sense of community.

Vibrant Neighborhood

11924 Payton is surrounded by a rich history as well as a vibrant community spirit. Known for its beautiful brick homes, the Denby neighborhood offers various architectural styles, including ranch homes, Tudor-style homes, and two-story Colonial homes. The neighborhood is characterized by narrow but well-maintained lots and wide streets that allow for ample on-street parking. Denby residents enjoy a mix of good bars and eateries, contributing to the area’s lively atmosphere. Denby’s tradition, creativity, and history make it a beloved neighborhood for many.

Investment Potential

11924 Payton was acquired for $65,000, and offers an expected income of 9.08%. The listing price includes a renovation budget of $9,000 allocated for yard improvements and deferred maintenance. This investment is strategically located near other RealT properties like 11898 Laing and 11078 Wayburn, enhancing the potential for economies-of-scale and minimizing maintenance expenses.

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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