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14271 Rosemary St, Detroit, MI 48213

View Smart Contracts: Eth xDai

Total Investment: $ 66,937.20

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

    9.42%

    Not including capital appreciation

  • Income Start Date

    June 1, 2024
  • Income per Token

    $ 4.78 / year
  • Token Price

    $ 50.71
  • Total Tokens

    1,320

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

    14271 Rosemary St, Detroit, MI 48213
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Eden Gardens
  • Construction Year

    1941
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 11,340.00
  • Gross Income / month

    $ 945.00
  • Monthly Costs

    - $ 419.50
    • Property Management (8.00%)
      - $ 75.60
    • RealT Platform (2.00%)
      - $ 18.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 525.50
  • Net Income / year

    $ 6,306.00
  • Total Investment

    $ 66,937.20
    • Underlying Asset Price
      $ 53,000.00
    • Sourcing Fee (10%)
      $ 6,693.72
    • Initial Maintenance Reserve
      $ 1,890.00
    • Initial Renovation Reserve
      $ 2,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 66,933.72
    • Rounding Difference
      $ 3.48
  • Expected Income

    9.42%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,291
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-14271-ROSEMARY-ST-DETROIT-MI
  • Total Tokens

    1320

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 28, 2024
  • Issuer

    RealToken International 14271 Rosemary St Inc
  • Min. Investment Amount

    $50.71
  • Max. Investment Amount

    $66,937.20
  • Amount Raised

    $66,937.20
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Eclectic Charm

In the heart of the Eden Gardens neighborhood, 14271 Rosemary offers a single-family residence with a unique ambiance. Complete with 3 bedrooms and 1 bathroom, this home sits on a 5,227-square-foot lot, providing ample space for both indoor and outdoor activities. The house is near the Jesus Tabernacle of Deliverance Ministries, Glenfield-Lannett Playground, and DK’s Childcare and Academy, ensuring accessibility for tenants.

Character and Community

Eden Gardens exudes a distinct architectural charm, characterized by an array of brick cottages, Tudor-inspired homes, Cape Cods, and brick bungalows. The southern end of the neighborhood fosters a close-knit atmosphere with homes built closely together, fostering a sense of community among residents. While the northern streets feature some vacant lots and abandoned homes, efforts are underway to revitalize the area. Notably, the community association is spearheading the establishment of a learning center aimed at providing educational support and resources for children affected by the pandemic.

Investment Insights

Token-holders can anticipate a 9.42% expected income from Rosemary. Acquired for $53,000 and with a renovation budget of $2,500 allocated for painting and deferred maintenance, this property promises potential for enhancement and increased value. Additionally, nearby properties such as 14481 Hazelridge, 14825 Wilfred, and 14511 Houston-Whittier provide economies-of-scale benefits to investors, ensuring effective management and maximizing the return on investment.

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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