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15011 Monte Vista St, Detroit, MI 48238

View Smart Contracts: Eth Gnosis

Total Investment: $ 71,971.90

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.20%

    Not including capital appreciation

  • Income per Token

    $ 4.63 / year
  • Income Start Date

    March 15, 2024
  • Token Price

    $ 50.33
  • Total Tokens

    1,430

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

    15011 Monte Vista St, Detroit, MI 48238
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Bethune Community
  • Construction Year

    1927
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,160.00
  • Gross Rent / month

    $ 930.00
  • Monthly Costs

    - $ 378.00
    • Property Management (8.00%)
      - $ 74.40
    • RealT Platform (2.00%)
      - $ 18.60
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 110.00
    • Insurance
      - $ 65.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 552.00
  • Net Rent / year

    $ 6,624.00
  • Total Investment

    $ 71,971.90
    • Underlying Asset Price
      $ 57,000.00
    • Sourcing Fee (10%)
      $ 7,197.19
    • Initial Maintenance Reserve
      $ 1,980.00
    • Initial Renovation Reserve
      $ 2,999.99
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 71,977.18
    • Rounding Difference
      - $ 5.28
  • Expected Income

    9.20%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,920
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,032
  • Heating

    Forced Air w/Ducts / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-15011-MONTE-VISTA-ST-DETROIT-MI
  • Total Tokens

    1430

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 4, 2024
  • Issuer

    RealToken International 15011 Monte Vista St Inc
  • Min. Investment Amount

    $50.33
  • Max. Investment Amount

    $71,971.90
  • Amount Raised

    $71,971.90
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15011 Monte Vista

Discover 15011 Monte Vista, a welcoming 2-story brick bungalow that represents the essence of comfortable living. This well-maintained single-family residence enjoys 1,032 square feet of living space nestled on a 3,920 square-foot lot. 3 bedrooms, 1 bathroom, and a cozy fireplace make for a warm atmosphere for residents, and just steps away are community conveniences like Heavenly Home Care, public basketball courts, and the Jack Adams Memorial Arena ice skating rink.

Monte Vista is located in Bethune Community, a neighborhood that mixes city amenities with small-town community vibes. This area is known for its convenient cost of living and its strategic proximity to the upcoming commercial development on the West Side. Bethune Community is just a little over 10 miles from downtown, and features narrow, gridded streets with convenient access to public transportation, including bus stops along Puritan Avenue, Wyoming Avenue, and Schaefer Highway.

Token-holders can anticipate a 9.20% expected rental income from this property, which was acquired for a reasonable $57,000. The listing price also includes a thoughtful $3,000 renovation budget covering essential entry fixes, siding, and roof enhancements, as well as backyard maintenance to ensure the property remains appealing for its long-term tenants.

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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