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12130 Manor St, Detroit, MI 48204

View Smart Contracts: Eth Gnosis

Total Investment: $ 72,506.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.11%

    Not including capital appreciation

  • Income per Token

    $ 5.24 / year
  • Income Start Date

    January 1, 2024
  • Token Price

    $ 51.79
  • 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

    12130 Manor St, Detroit, MI 48204
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mackenzie
  • Construction Year

    1926
  • Bedroom/Bath

    4 Beds / 1.5 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,760.00
  • Gross Rent / month

    $ 980.00
  • Monthly Costs

    - $ 369.00
    • Property Management (8.00%)
      - $ 78.40
    • RealT Platform (2.00%)
      - $ 19.60
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 105.00
    • Insurance
      - $ 56.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 611.00
  • Net Rent / year

    $ 7,332.00
  • Total Investment

    $ 72,506.00
    • Underlying Asset Price
      $ 56,500.00
    • Sourcing Fee (10%)
      $ 7,251.11
    • Initial Maintenance Reserve
      $ 1,960.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 72,511.11
    • Rounding Difference
      - $ 5.11
  • Expected Income

    10.11%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,704
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,471
  • Heating

    Forced Air w/ Ducts
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-12130-MANOR-ST-DETROIT-MI
  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 24, 2023
  • Issuer

    RealToken International 12130 Manor St Inc
  • Min. Investment Amount

    $51.79
  • Max. Investment Amount

    $72,506.00
  • Amount Raised

    $72,506.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

12130 Manor

Your Reinvestment Opportunity!

Explore the potential of 12130 Manor, a solid brick colonial single-family residence nestled in the Mackenzie neighborhood. Featuring 1,471 square feet of living space on an ample 4,704-square-foot lot, this partially renovated property, consisting of 4 bedrooms and 1.5 bathrooms, is set up to attract potential tenants seeking a comfortable and well-connected living space.

Within the neighborhood, residents enjoy easy access to the Prayer Chapel Church, various dining options, and the House of God Church, adding to the community’s convenience and amenities.

Strategically located nearby our successfully sold-out properties at 11380 Pinehurst and 9117 Manor, this residence benefits from shared optimization of maintenance expenses. This strategy aligns with RealT’s growth strategy, which focuses on maximizing economies of scale to enhance property values collectively, ultimately benefiting our investors.

With a competitive 10.11% expected rental income, and having been acquired for a reasonable $56,500 price, 12130 Manor presents an attractive opportunity for investors. With a renovation budget of $4,000 allocated for essential updates such as painting, gardening, and addressing deferred maintenance, this property presents an ideal opportunity to add value and elevate its appeal. The detached garage further enhances the convenience and functionality of the space.

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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