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12789 Birwood St, Detroit, MI 48238

View Smart Contracts: Eth xDai

Total Investment: $ 79,110.60

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.57%

    Not including capital appreciation

  • Income Start Date

    March 15, 2024
  • Income per Token

    $ 4.79 / year
  • Token Price

    $ 50.07
  • Total Tokens

    1,580

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

    12789 Birwood St, Detroit, MI 48238
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mackenzie
  • Construction Year

    1925
  • Bedroom/Bath

    4 Beds / 2 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 11,880.00
  • Gross Income / month

    $ 990.00
  • Monthly Costs

    - $ 359.00
    • Property Management (8.00%)
      - $ 79.20
    • RealT Platform (2.00%)
      - $ 19.80
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 85.00
    • Insurance
      - $ 65.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 631.00
  • Net Income / year

    $ 7,572.00
  • Total Investment

    $ 79,110.60
    • Underlying Asset Price
      $ 62,000.00
    • Sourcing Fee (10%)
      $ 7,911.06
    • Initial Maintenance Reserve
      $ 1,900.00
    • Initial Renovation Reserve
      $ 4,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 79,111.06
    • Rounding Difference
      - $ 0.46
  • Expected Income

    9.57%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,225
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,455
  • Heating

    Forced Air w/Ducts / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-12789-BIRWOOD-ST-DETROIT-MI
  • Total Tokens

    1580

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 4, 2024
  • Issuer

    RealToken International 12789 Birwood St Inc
  • Min. Investment Amount

    $50.07
  • Max. Investment Amount

    $79,110.60
  • Amount Raised

    $79,110.60
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

12789 Birwood

Say hello to 12789 Birwood, a cozy single-family brick residence in the heart of the Mackenzie neighborhood on the west side of Detroit. This well-kept property has a detached 1-car garage, a natural fireplace, and hardwood flooring throughout. With a generous living space of 1,445 square feet on a 4,225 square-foot lot, this residence features a comfortable living environment with 4 bedrooms and 2 bathrooms.

The property is complemented by nearby amenities such as Granny’s Place Home Daycare, Littlefield Playfield, and Noble Elementary-Middle School. The greater neighborhood of Mackenzie is a close-knit residential community renowned for its rich history and strong community vibe. Located between Grand River Avenue and West Chicago Street, the neighborhood provides convenient access to the I-96 highway, making it a hub of suburban tranquility with easy connectivity to downtown Detroit in just 15 minutes. Notably, Mackenzie takes pride in its namesake, Mackenzie High School, known for producing numerous distinguished alumni.

Token-holders can anticipate a 9.57% expected rental income from Birwood, acquired for a competitive $62,000. The listing price includes a thoughtful $4,500 renovation budget, addressing essential aspects such as stair maintenance, siding improvements, and backyard enhancements to ensure comfort for its long-term tenants.

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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