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11924 Wayburn St, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 72,645.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income


    Not including capital appreciation

  • Rent per Token

    $ 4.77 / year
  • Rent Start Date

    September 15, 2023
  • Token Price

    $ 50.10
  • Total Tokens


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 Wayburn St, Detroit, MI 48224
  • Country

  • Source

  • Neighborhood

    Morass - Morang
  • Construction Year

  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rental Type

  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Rent / year

    $ 11,256.00
  • Gross Rent / month

    $ 938.00
  • Monthly Costs

    - $ 361.80
    • Property Management (8.00%)
      - $ 75.04
    • RealT Platform (2.00%)
      - $ 18.76
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 113.00
    • Insurance
      - $ 45.00
    • Utilities
  • Net Rent / month

    $ 576.20
  • Net Rent / year

    $ 6,914.40
  • Total Investment

    $ 72,645.00
    • Underlying Asset Price
      $ 52,000.00
    • Operating Expense Reimbursement (10%)
      $ 7,264.00
    • Initial Maintenance Reserve
      $ 1,876.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 72,640.00
    • Rounding Difference
      $ 5.00
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Forced Air w/ Ducts, Gas
  • Cooling

  • Building Class

  • Property Manager

    Mutual Property Management LLC

Test Renovation content!

Offering Details

  • Offering Date

    August 16, 2023
  • Issuer

    RealToken International 11924 Wayburn St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

11924 Wayburn

Located in the heart of Detroit’s Moross-Morang neighborhood, 11924 Wayburn represents Detroit’s architecture. This single-family property boasts 3 bedrooms and 1 bathroom, spanning 1,035 square feet of living space on a 5,052 square foot lot. Its brick exterior and masonry foundation showcase a harmonious blend of classic design and modern amenities.

Strategically located near our other prized properties on Wayburn, Lakepoint, Beaconsfield and more, 11924 Wayburn benefits from the concentric circle neighborhood investment strategy that RealT promotes. The vicinity offers a wealth of amenities, from shopping centers and parks to schools, offering an attractive location for family with transportation hubs within its proximity to the bustling downtown, restaurants, and the QLine streetcar further enhances its appeal.

RealT’s commitment to Detroit’s growth is evident in our continued investment in the area. With properties on adjacent streets, we aim to uplift the community and provide substantial returns for our investors.

With an expected rental income of 9.52% per year, 11924 Wayburn presents both a tranquil living experience and a promising investment opportunity. Join us in being a part of Detroit’s renaissance.


Property Records

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Why Detroit?


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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