15048 Freeland St, Detroit, MI, 48227

Asset Price: $63,722.22

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Property Highlights

  • Expected Yield

    11.66%
  • Rent per Token

    $5.72 / year
  • Token Price

    $49.02
  • Total Tokens

    1,300
  • Property Type

    Single Family
  • Neighborhood

    Hubbell - Lyndon
  • Square Feet

    971
  • Lot Size

    3,920
  • Bedroom/Bath

    3 Bed. / 1 Bath
  • Has Tenants?

    Yes
  • Section 8?

    Yes
  • Section 8 Pays...

    100%

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple 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.

Financials

  • Gross Rent / year

    $10,200.00
  • Gross Rent / month

    $850.00
  • Monthly Costs

    - $230.67
    • Property Management (7.00%)
      - $59.50
    • RealT Platform (2.00%)
      - $17.00
    • Property Taxes
      - $100.00
    • Insurance
      - $54.17
    • Utilities
      Tenant-Paid
  • Net Rent / month

    $619.33
  • Net Rent / year

    $7,431.96
  • Asset Price

    $63,722.22
  • Expected Yield

    11.66%

Maintenance Reserve

About the Property

15048 Freeland St, Detroit, MI 48227 is a 3 bed, 1 full bath single-family home with a lot size of 3,920 square feet. This home was built in 1938, and is located near a number of cultural centers, churches, restaurants and supermarkets.

The Grandmond Neighbohood is a community of orderly streets, churches, tiny parks, and playgrounds, and is only 18 to 22 minutes by car from downtown Detroit. Rental options available here include houses and condos small enough for singles and big enough for entire families.

Nearby schools include Young Coleman A. Elementary School, King John R. Academic And Performing Arts Academy School, and Cody Academy Of Public Leadership School. Marygrove College and the University of Detroit Mercy campus are also a short drive away.

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.