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15720 Snowden St, Detroit, MI 48227

View Smart Contracts: Eth xDai

Total Investment: $ 70,448.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.16%

    Not including capital appreciation

  • Income Start Date

    March 15, 2024
  • Income per Token

    $ 4.61 / year
  • Token Price

    $ 50.32
  • Total Tokens

    1,400

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

    15720 Snowden St, Detroit, MI 48227
  • 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 Income / year

    $ 11,100.00
  • Gross Income / month

    $ 925.00
  • Monthly Costs

    - $ 387.50
    • Property Management (8.00%)
      - $ 74.00
    • RealT Platform (2.00%)
      - $ 18.50
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 120.00
    • Insurance
      - $ 65.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 537.50
  • Net Income / year

    $ 6,450.00
  • Total Investment

    $ 70,448.00
    • Underlying Asset Price
      $ 55,000.00
    • Sourcing Fee (10%)
      $ 7,044.80
    • Initial Maintenance Reserve
      $ 2,100.00
    • Initial Renovation Reserve
      $ 3,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 70,444.80
    • Rounding Difference
      $ 3.20
  • Expected Income

    9.16%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,790
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,098
  • Heating

    Forced Air w/o Duct / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-15720-SNOWDEN-ST-DETROIT-MI
  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 12, 2024
  • Issuer

    RealToken International 15720 Snowden St Inc
  • Min. Investment Amount

    $50.32
  • Max. Investment Amount

    $70,448.00
  • Amount Raised

    $70,448.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15720 Snowden

Presenting 15720 Snowden, a well-maintained single-family residence currently occupied by long-term tenants. Notably, this property features a rare and thoughtful feature: an equipped handicap elevator on the front side of the home, accompanied by a ramp at the back, enhancing accessibility for residents! With 1,098 square feet of living space on a 3,790 square-foot lot, this residence offers comfort and care throughout its 3 bedrooms and 1 bathroom.

Snowden is situated in the Bethune Community neighborhood, just steps away from New Fellowship Church and the Nehemiah Baptist Church. Residents of this area enjoy a range of educational options for their children as well: Burns Elementary-Middle School provides after-school tutoring and STEM clubs, Mary McLeod Bethune Elementary-Middle School offers bilingual education, and Mumford High School holds the distinction of being the first Metro-Detroit high school to have a computer technology center. After school or work, residents can relax at the Adams Butzel Complex, the neighborhood’s recreation center.

Token-holders can anticipate a 9.16% expected rental income from Snowden, which was acquired at a favorable price of $55,000. The listing price includes a reasonable $3,500 renovation budget allocated for fence and siding upgrades, painting, and ramp maintenance. This property’s proximity to numerous other RealT properties aligns with our economy-of-scale strategy, which aims to maximize management efficiency and investor returns.

Map

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