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14329 Strathmoor St, Detroit, MI 48227

View Smart Contracts: Eth xDai

Total Investment: $ 98,880.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Renovated Income

    12.56%

    Target date for stabilization: November 10, 2022

  • Current Expected Income

    7.71%

    Not including capital appreciation

  • Rent per Token

    $ 3.81 / year
  • Rent Start Date

    October 15, 2022
  • Token Price

    $ 49.44
  • Total Tokens

    2,000

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

    Duplex
  • Full Address

    14329 Strathmoor St, Detroit, MI 48227
  • Neighborhood

    Hubbell - Lyndon
  • Construction Year

    1926
  • Stories

    2 Stories
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Bed / 1x1 ; 1x1.5 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 15,600.00
  • Gross Rent / month

    $ 1,300.00
  • Monthly Costs

    - $ 665.00
    • Property Management (8.00%)
      - $ 104.00
    • RealT Platform (2.00%)
      - $ 26.00
    • Maintenance Expenses
      - $ 300.00
    • Property Taxes
      - $ 190.00
    • Insurance
      - $ 45.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 635.00
  • Net Rent / year

    $ 7,620.00
  • Total Investment

    $ 98,880.00
    • Underlying Asset Price
      $ 61,000.00
    • Operating Expense Reimbursement (10%)
      $ 9,888.89
    • Initial Maintenance Reserve
      $ 2,600.00
    • Initial Renovation Reserve
      $ 25,000.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 98,888.89
    • Rounding Difference
      - $ 8.89
  • Current Expected Income

    7.71%

    Not including capital appreciation

  • Renovated Expected Income

    12.56%

    Target date for stabilization: 2022-11-10

Property Details

  • Lot Size (sqft)

    6,098
  • Foundation

    Crawl space
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    3 spaces
  • Interior Size (sqft)

    1,440
  • Heating

    Forced Air / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    No
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-14329-STRATHMOOR-ST-DETROIT-MI
  • Total Tokens

    2000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    September 15, 2022
  • Issuer

    RealToken International 14329 Strathmoor St Inc
  • Min. Investment Amount

    $49.44
  • Max. Investment Amount

    $98,880.00
  • Amount Raised

    $98,880.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

14329 Strathmoor

This currently-rented duplex enjoys an exceptionally quiet location while retaining convenient access to dining and activities. RealT has already tokenized two properties on this street with 12779 Strathmoor and 14231 Strathmoor.

The current expected rental yield is 7.71%, but we anticipate an increase to 12.56% after $25,000 in renovations.

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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