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14176 Plainview Ave, Detroit, MI 48223

View Smart Contracts: Eth Gnosis

Total Investment: $ 70,938.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.82%

    Not including capital appreciation

  • Income per Token

    $ 4.98 / year
  • Income Start Date

    February 5, 2024
  • Token Price

    $ 50.67
  • Total Tokens

    1,400

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

    14176 Plainview Ave, Detroit, MI 48223
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Westwood Park
  • Construction Year

    1924
  • Bedroom/Bath

    2 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 11,940.00
  • Gross Rent / month

    $ 995.00
  • Monthly Costs

    - $ 414.50
    • Property Management (8.00%)
      - $ 79.60
    • RealT Platform (2.00%)
      - $ 19.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 120.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 580.50
  • Net Rent / year

    $ 6,966.00
  • Total Investment

    $ 70,938.00
    • Underlying Asset Price
      $ 51,000.00
    • Sourcing Fee (10%)
      $ 7,093.80
    • Initial Maintenance Reserve
      $ 1,990.00
    • Initial Renovation Reserve
      $ 8,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 70,933.80
    • Rounding Difference
      $ 4.20
  • Expected Income

    9.82%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,269
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    742
  • Heating

    Gas / Forced Air w/o Ducts
  • Building Class

    C
  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-14176-PLAINVIEW-AVE-DETROIT-MI
  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 2, 2024
  • Issuer

    RealToken International 14176 Plainview Ave Inc
  • Min. Investment Amount

    $50.67
  • Max. Investment Amount

    $70,938.00
  • Amount Raised

    $70,938.00
  • Offering Percent (of Total Tokens)

    100.00%

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

About the Property

Quaint and Cozy

14176 Plainview is a Cape Cod-style single-family residence with 2 bedrooms and 1 bathroom. Nestled on a spacious 4,269 square-foot lot, this property features a cozy fireplace and is currently rented by a long-term tenant. Plainview is also conveniently located in the Westwood Park neighborhood, near the Rosedale Park Baptist Church and Peter Vetal School.

Green Living

Westwood Park is known for its tranquility and community spirit. The neighborhood sits adjacent to Stoepel Park, a popular community gathering place with trails for outdoor activities. Characterized by a tight-knit community, neighbors often engage in social activities, and the sidewalks facilitate easy movement around the area. Approximately 15 miles from downtown Detroit, Westwood Park also offers convenient access to Interstate 96 and bus stops along Evergreen Road.

Solid Returns

14176 Plainview offers token-holders an attractive expected rental income of 9.82%. Acquired for a reasonable $51,000, this property’s listing price includes an $8,000 renovation budget allocated for roof fixes, frame upkeep, and interior improvements, ensuring the property’s longevity and appeal. Its proximity to other RealT properties like 13991 Warwick provides token-holders with economy-of-scale benefits, making this an excellent investment with growth potential.

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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