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13436 Corbett Ave, Detroit, MI 48213

View Smart Contracts: Eth xDai

Total Investment: $ 75,405.00

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

    9.29%

    Not including capital appreciation

  • Income Start Date

    July 1, 2024
  • Income per Token

    $ 4.67 / year
  • Token Price

    $ 50.27
  • Total Tokens

    1,500

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

    13436 Corbett Ave, Detroit, MI 48213
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Outer Drive - Hayes
  • Construction Year

    1941
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 12,120.00
  • Gross Income / month

    $ 1,010.00
  • Monthly Costs

    - $ 426.00
    • Property Management (8.00%)
      - $ 80.80
    • RealT Platform (2.00%)
      - $ 20.20
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 584.00
  • Net Income / year

    $ 7,008.00
  • Total Investment

    $ 75,405.00
    • Underlying Asset Price
      $ 58,000.00
    • Sourcing Fee (10%)
      $ 7,540.50
    • Initial Maintenance Reserve
      $ 2,020.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 75,410.50
    • Rounding Difference
      - $ 5.50
  • Expected Income

    9.29%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,009
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,125
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-13436-CORBETT-AVE-DETROIT-MI
  • Total Tokens

    1500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 3, 2024
  • Issuer

    RealToken International 13436 Corbett St Inc
  • Min. Investment Amount

    $50.27
  • Max. Investment Amount

    $75,405.00
  • Amount Raised

    $75,405.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Gateway to Homeownership

We are pleased to offer 13436 Corbett as a Starter Property for our new investors! This cute single-family brick residence is located in the Outer Drive-Hayes neighborhood, near the Lord of Lords Ministries and the Harpos Concert Theatre. This property offers an ideal entry point for new investors, featuring 3 bedrooms and 1 bathroom on a spacious 5,009-square-foot lot.

Dynamic Appeal

The Outer Drive-Hayes neighborhood is a vibrant locale with easy access to urban amenities such as restaurants, a mall, and even a cinema, ensuring there’s always something to do and explore. While parks may be scarce within the immediate vicinity, Chandler Park offers great recreational opportunities just southeast of the neighborhood. From tennis courts and basketball hoops to football fields and a skate park, residents can enjoy an active lifestyle amidst nature’s embrace.

Kickstart Your Portfolio

With an expected income of 9.29% and an acquisition price of $58,000, Corbett offers a promising opportunity for new investors, and the integrated renovation budget of $5,000 for painting and brick maintenance provides scope for value appreciation and portfolio growth. Leveraging its proximity to other RealT properties like 13045 Wade, 14215 Hampshire, and 12641 Elmdale, this investment minimizes contractor travel time and costs to maximize economy-of-scale benefits for investors.

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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