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13245 Monica St, Detroit, MI 48238

View Smart Contracts: Eth xDai

Total Investment: $ 872,780.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.00%

    Not including capital appreciation

  • Rent per Token

    $ 5.65 / year

  • Rent Start Date

    December 20, 2021

  • Token Price

    $ 51.34

  • Total Tokens

    17,000

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

    Multi Family

  • Full Address

    13245 Monica St, Detroit, MI 48238

  • Neighborhood

    Oakman Boulevard Community

  • Construction Year

    1930

  • Total Units

    16 Units

  • Bedroom/Bath

    5x2, 11x1 Bed / 16 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 134,640.00

  • Gross Rent / month

    $ 11,220.00

  • Monthly Costs

    - $ 3,222.00
    • Property Management (8.00%)
      - $ 897.60
    • RealT Platform (2.00%)
      - $ 224.40
    • Maintenance Expenses
      - $ 200.00
    • Property Taxes
      - $ 1,500.00
    • Insurance
      - $ 320.00
    • Utilities
      - $ 80.00

  • Net Rent / month

    $ 7,998.00

  • Net Rent / year

    $ 95,976.00

  • Total Investment

    $ 872,780.00
    • Underlying Asset Price
      $ 720,000.00
    • Operating Expense Reimbursement (10%)
      $ 87,271.11
    • Initial Maintenance Reserve
      $ 22,440.00
    • Initial Renovation Reserve
      $ 12,000.00
    • Miscellaneous Costs
      $ 31,000.00
    • Unrounded Listing Price
      $ 872,711.11
    • Rounding Difference
      $ 68.89

  • Expected Income

    11.00%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,970

  • Foundation

    Good Condition

  • Exterior Walls

    Brick

  • Roof Type

    Flat Torch Down

  • Parking

    Street Parking

  • Interior Size (sqft)

    9,182

  • Heating

    HVAC Water Heater (1 Electric, 1 Gas)

  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    December 1, 2021

  • Issuer

    RealToken LLC - Series #175 - 13245 Monica

  • Min. Investment Amount

    $51.34

  • Max. Investment Amount

    $872,780.00

  • Amount Raised

    $872,780.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

13245 Monica

With stunning, classic Detroit architecture featuring a gorgeous brick facade, charming peaks and eye-catching styling, this 16-unit multi-family building will make a spectacular addition to your portfolio. Built in 1930, 13245 Monica is located on the north side of Detroit, surrounded by a well-manicured neighborhood with sidewalk-lined streets that sits comfortably close to the city for ease of commute, public transportation, shopping and dining.

The $12,000 renovation budget will be dedicated to minor maintenance upgrades, as the property was well-maintained by the same family that built it. 13245 Monica is fully rented.

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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