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14606 Kentucky St, Detroit, MI 48238

View Smart Contracts: Eth xDai

Total Investment: $ 84,558.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.86%

    Not including capital appreciation

  • Rent per Token

    $ 4.91 / year

  • Rent Start Date

    June 1, 2023

  • Token Price

    $ 49.74

  • Total Tokens

    1,700

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

    14606 Kentucky St, Detroit, MI 48238

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Chalfonte

  • Construction Year

    1925

  • Stories

    2 Stories

  • Bedroom/Bath

    4 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 12,600.00

  • Gross Rent / month

    $ 1,050.00

  • Monthly Costs

    - $ 355.00
    • Property Management (8.00%)
      - $ 84.00
    • RealT Platform (2.00%)
      - $ 21.00
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 90.00
    • Insurance
      - $ 50.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 695.00

  • Net Rent / year

    $ 8,340.00

  • Total Investment

    $ 84,558.00
    • Underlying Asset Price
      $ 70,000.00
    • Operating Expense Reimbursement (10%)
      $ 8,455.56
    • Initial Maintenance Reserve
      $ 2,100.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 84,555.56
    • Rounding Difference
      $ 2.44

  • Expected Income

    9.86%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,703

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,218

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Fully Renovated

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-14606-KENTUCKY-ST-DETROIT-MI

  • Total Tokens

    1700

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 5, 2023

  • Issuer

    RealToken International 14606 Kentucky St Inc

  • Min. Investment Amount

    $49.74

  • Max. Investment Amount

    $84,558.00

  • Amount Raised

    $84,558.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

14606 Kentucky

Built in 1925 and fully-renovated, this single-family home is a perfect example of classic brick construction that stands the test of time. Kentucky enjoys four bedrooms, more than most homes its size, which makes it perfect for stable, long-term family tenants. Its excellent condition means we have budgeted only $3,000 for renovations, and do not anticipate any major work in the near-term.

Just 5 short blocks from a large park with outdoor basketball and tennis courts, as well as indoor basketball and skating, Kentucky’s location is one of its greatest attractions. It also sits in an intermediate neighborhood between our holdings in Bethune Community (15784 Monte Vista) and Oakman Boulevard Community (3588 Oakman), which we hope to make the beginning of a new concentric circle for acquisitions and property value improvements.

With these qualities, Kentucky is poised to offer a stable expected rental income of 9.86% year after year.

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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