15778 Manor St, Detroit, MI 48238

Etherscan

Total Investment: $77,831.00

Sold Out

Questions/Need Help? Email Us.

Property Highlights

  • Expected Yield

    11.97%

  • Rent Start Date

    2020-12-11

  • Rent per Token

    $7.17 / year

  • Token Price

    $59.87

  • Total Tokens

    1,300

  • Property Type

    Duplex

  • Neighborhood

    Harmony Village

  • Square Feet

    1,372

  • Lot Size

    3,920

  • Bedroom/Bath

    3 Bed. / 1 Bath

  • Rented?

    Fully Rented

  • Section 8?

    No

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

    $12,300.00

  • Gross Rent / month

    $1,025.00

  • Monthly Costs

    - $248.42
    • Property Management (7.00%)
      - $71.75
    • RealT Platform (2.00%)
      - $20.50
    • Property Taxes
      - $66.17
    • Insurance
      - $90.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $776.58

  • Net Rent / year

    $9,318.96

  • Total Investment

    $77,831.00
    • Underlying Asset Price
      $62,000.00
    • RealT Listing Fee (10%)
      $7,783.00
    • Initial Maintenance Reserve
      $2,050.00
    • Initial Renovation Reserve
      $6,000.00

  • Expected Yield

    11.97%

Maintenance Reserve

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

Please sign in to view property records. Sign In >

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.