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12629 Laing St, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 89,031.00

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

    9.12%

    Not including capital appreciation

  • Income Start Date

    July 15, 2024
  • Income per Token

    $ 4.59 / year
  • Token Price

    $ 50.30
  • Total Tokens

    1,770

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

    12629 Laing St, Detroit, MI 48224
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Moross - Morang
  • Construction Year

    1943
  • Bedroom/Bath

    3 Beds / 1.5 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 13,620.00
  • Gross Income / month

    $ 1,135.00
  • Monthly Costs

    - $ 458.50
    • Property Management (8.00%)
      - $ 90.80
    • RealT Platform (2.00%)
      - $ 22.70
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 145.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 676.50
  • Net Income / year

    $ 8,118.00
  • Total Investment

    $ 89,031.00
    • Underlying Asset Price
      $ 71,000.00
    • Sourcing Fee (10%)
      $ 8,903.10
    • Initial Maintenance Reserve
      $ 2,270.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 89,023.10
    • Rounding Difference
      $ 7.90
  • Expected Income

    9.12%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,035
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-12629-LAING-ST-DETROIT-MI
  • Total Tokens

    1770

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024
  • Issuer

    RealToken International 12629 Laing St Inc
  • Min. Investment Amount

    $50.30
  • Max. Investment Amount

    $89,031.00
  • Amount Raised

    $89,031.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Comfort and Convenience

Welcome to 12629 Laing, a single-family home in Detroit’s Moross-Morang neighborhood. This residence features 3 bedrooms, 1.5 bathrooms, and 1,035 square feet of living space on a 5,227 square-foot lot. With a practical layout and inviting atmosphere, 12629 Laing offers the perfect blend of comfort and functionality for families.

Vibrant Neighborhood

The Moross-Morang neighborhood offers a range of amenities and points of interest. Residents have easy access to Wow Dental for their dental care needs and Carleton Elementary School for educational opportunities. Skinner Playfield Park provides a green space for outdoor activities and relaxation, while Burger King offers convenient dining options. These amenities contribute to the neighborhood’s appeal, making it a desirable place to live.

Strategic Investment Opportunity

With an expected yearly income of 9.12%, a listing amount of $89,031, and a renovation budget of $4,000, 12629 Laing is a promising investment. Located near other RealT properties such as 11078 Wayburn, 11965 Lakepointe, and 10822 Whitehill, this home benefits from efficient resource sharing and streamlined operations, enhancing overall investment efficiency and profitability.

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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