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15611 E Seven Mile Rd, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 63,622.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.71%

    Not including capital appreciation

  • Income per Token

    $ 5.24 / year

  • Income Start Date

    November 20, 2022

  • Token Price

    $ 48.94

  • Total Tokens

    1,300

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

    15611 E Seven Mile Rd, Detroit, MI 48205

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Regent Park

  • Construction Year

    1951

  • Stories

    1 Stories

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,640.00

  • Gross Rent / month

    $ 970.00

  • Monthly Costs

    - $ 402.00
    • Property Management (8.00%)
      - $ 77.60
    • RealT Platform (2.00%)
      - $ 19.40
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 155.00
    • Insurance
      - $ 40.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 568.00

  • Net Rent / year

    $ 6,816.00

  • Total Investment

    $ 63,622.00
    • Underlying Asset Price
      $ 52,000.00
    • Sourcing Fee (10%)
      $ 6,362.22
    • Initial Maintenance Reserve
      $ 1,860.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 63,622.22
    • Rounding Difference
      - $ 0.22

  • Expected Income

    10.71%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,485

  • Foundation

    Masonery

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    Driveway

  • Interior Size (sqft)

    810

  • Heating

    Force Air / Gas

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Partially

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-15611-E-SEVEN-MILE-RD-DETROIT-MI

  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 20, 2022

  • Issuer

    RealToken International 15611 E Seven Mile Rd Inc

  • Min. Investment Amount

    $48.94

  • Max. Investment Amount

    $63,622.00

  • Amount Raised

    $63,622.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15611 E Seven Mile

This single-family residence is a property in the category of “RealT’s bread and butter”, as Remy likes to call it. If you haven’t been watching our community calls, that means it has a great purchase price, low renovations, good tenants, and an attractive cap of 10.03% to offer stable rents month after month.

The shade provided by the mature trees keeps his charming property, built in 1951, from heating up too much in the warm Michigan summers. This property is also on the same street as a 10-unit multi-family tokenized this summer: 16085 E Seven Mile.

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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