It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.

12605 Payton St, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 90,270.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Token Type

    Standard Equity
  • Expected Income


    Not including capital appreciation

  • Income Start Date

    August 15, 2024
  • Income per Token

    $ 4.54 / year
  • Token Price

    $ 50.15
  • 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

    12605 Payton St, Detroit, MI 48224
  • Country

  • Source

  • Neighborhood

    Moross - Morang
  • Construction Year

  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 14,340.00
  • Gross Income / month

    $ 1,195.00
  • Monthly Costs

    - $ 514.50
    • Property Management (8.00%)
      - $ 95.60
    • RealT Platform (2.00%)
      - $ 23.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 190.00
    • Insurance
      - $ 85.00
    • Utilities
  • Net Income / month

    $ 680.50
  • Net Income / year

    $ 8,166.00
  • Total Investment

    $ 90,270.00
    • Underlying Asset Price
      $ 67,000.00
    • Sourcing Fee (10%)
      $ 9,027.00
    • Initial Maintenance Reserve
      $ 2,390.00
    • Initial Renovation Reserve
      $ 9,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 90,267.00
    • Rounding Difference
      $ 3.00
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Gas / Forced Air not Ducted
  • Building Class

  • Renovated

  • Property Manager

    New Detroit Property Management


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    June 14, 2024
  • Issuer

    RealToken International 12605 Payton St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

Pleasant Brick Bungalow

12605 Payton is an inviting single-family brick bungalow situated on a spacious 4,791 square-foot lot. It features 3 bedrooms and 1 bathroom, providing a convenient living space perfect for families. The property includes a detached 1-car garage, and its nearby amenities include the Skinner Playfield, Denby High School, and Charity Lutheran Church.

Trending Neighborhood

The desirable Moross-Morang neighborhood benefits from a suburban feel with excellent access to major commuting lines and public transportation. This trending area is ideal for first-time homebuyers. Just 12 miles from downtown Detroit and adjacent to Interstate 94, Moross-Morang is a well-situated community with various housing options including bungalows and cottage-style homes, many of which feature 3 bedrooms and 1 bathroom.

Savvy Choice

12605 Payton was acquired for $67,000, and comes with an expected income of 9.05%. A renovation budget of $9,000 has been allocated for essential updates and maintenance, ensuring the home remains attractive to tenants. The property’s proximity to other RealT properties, such as 18515-18517 Kelly, 18527-18529 Kelly, and 18608-18612 Moross, enhances its investment potential by promoting economies of scale and minimizing maintenance expenses.


Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 15:28 UTC

    RealT has sold 508 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].