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15778 Manor St, Detroit, MI 48238

View Smart Contracts: Eth xDai

Total Investment: $ 81,050.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    7.25% Partially Rented

    Not including capital appreciation

  • Rent per Token

    $ 4.52 / year

  • Rent Start Date

    December 11, 2020

  • Token Price

    $ 62.35

  • 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

    Duplex

  • Full Address

    15778 Manor St, Detroit, MI 48238

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Harmony Village

  • Construction Year

    1929

  • Total Units

    2 Units

  • Bedroom/Bath

    3 Bed. / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    1 / 2 Units

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 8,520.00

  • Gross Rent / month

    Partially Rented $ 710.00

  • Monthly Costs

    - $ 220.07
    • Property Management (7.00%)
      - $ 49.70
    • RealT Platform (2.00%)
      - $ 14.20
    • Property Taxes
      - $ 66.17
    • Insurance
      - $ 90.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 489.93

  • Net Rent / year

    $ 5,879.16

  • Total Investment

    $ 81,050.00
    • Underlying Asset Price
      $ 79,000.00
    • Initial Maintenance Reserve
      $ 2,050.00
    • Unrounded Listing Price
      $ 81,050.00

  • Expected Income

    Partially Rented 7.25%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,920

  • Interior Size (sqft)

    1,372

Blockchain

  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    December 4, 2020

  • Issuer

    RealToken LLC - Series #36 - 15778 Manor

  • Min. Investment Amount

    $62.35

  • Max. Investment Amount

    $81,050.00

  • Amount Raised

    $81,050.00

  • Offering Percent (of Total Tokens)

    100.00%

Property Valuation

  • 2021

    Dec 30
    391 days since prior valuation

    Asset Valuation

    $ 79,000.00

    Annual Change

    +25.61%

    Total Investment

    $ 81,050.00

    Token Price

    $ 62.35

    Capital ROI

    +13.07%

    Reg Distributed

    $ 7,783.00

    New Photos

    No new photos at this time.

  • 2020

    Dec 04
    Initial Valuation

    Asset Valuation

    $ 62,000.00

    Total Investment

    $ 77,931.00

    Token Price

    $ 59.87

    Initial Valuation

    Values derived in: Property Financials Tab

About the Property

15784 Manor is a two-story brick home built in 1928. Like many classic homes in the area, its full basement and first floor create a lot of space in a small footprint, which has allowed it to be converted into a duplex: the ground floor and first floor are now separate rental units with their own tenants. Added to that space is plenty of off-street parking and a garage that can also be used for storage or projects. This home enjoys forced-air heating throughout, as well as a hard-wearing asphalt roof.

Manor is located within several quiet residential blocks in the Harmony Village neighborhood, but it has easy access to retail amenities and the freeway. Nearby schools include Fountain of Life Child Development Center, Loyola High School and Martin Luther King Jr. Education Center Academy.

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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