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12730 Wade St, Detroit, MI 48213

View Smart Contracts: Eth xDai

Total Investment: $63,219.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    11.1%

    Not including capital appreciation

  • Rent Start Date

    2021-11-01
  • Rent per Token

    $5.40 / year
  • Token Price

    $48.63
  • Total Tokens

    1,300

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

    Duplex
  • Construction Year

    1935
  • Neighborhood

    Ravendale
  • Bedroom/Bath

    2x2 Bed / 2x1 Bath
  • Total Units

    2 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $11,400.00
  • Gross Rent / month

    $950.00
  • Monthly Costs

    - $365.00
    • Property Management (8.00%)
      - $76.00
    • RealT Platform (2.00%)
      - $19.00
    • Maintenance Expenses
      - $60.00
    • Property Taxes
      - $160.00
    • Insurance
      - $50.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $585.00
  • Net Rent / year

    $7,020.00
  • Total Investment

    $63,219.00
    • Underlying Asset Price
      $55,000.00
    • RealT Listing Fee (10%)
      $6,322.22
    • Initial Maintenance Reserve
      $1,900.00
  • Expected Income

    11.10%

    Not including capital appreciation

Test Renovation content!

About the Property

12730 Wade

This family-style duplex is located in the residential area of Ravendale. Recently renovated and fully-rented, this property is minutes from downtown Detroit and major highways, but still close to local shopping and dining. Built mostly of brick, we expect 12730 Wade to be a durable and low-maintenance investment over the long-term.

This location is ideal for families and those that value health and wellness. A short distance away is Chandler Park, one of only four 200-plus acre “regional parks” in the City of Detroit. The Chandler Park Conservancy (CPC) is helping to improve the quality of life for youth, seniors, families and visitors across the region by organizing community events, classes and social gatherings. This sprawling outdoor sports complex includes an aquatic center, outdoor exercise equipment, tennis courts, soccer and football fields, golf course, playground, walking paths and more.

This investment offers a great opportunity to add a well-maintained property to your portfolio. Get started today!

Map

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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