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15800 Tacoma St, Detroit, MI 48205

View Smart Contracts: Eth xDai

Total Investment: $ 71,204.00

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

    9.15%

    Not including capital appreciation

  • Income Start Date

    January 1, 2024
  • Income per Token

    $ 4.65 / year
  • Token Price

    $ 50.86
  • 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

    15800 Tacoma St, Detroit, MI 48205
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Burbank
  • Construction Year

    1946
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 10,680.00
  • Gross Income / month

    $ 890.00
  • Monthly Costs

    - $ 347.00
    • Property Management (8.00%)
      - $ 71.20
    • RealT Platform (2.00%)
      - $ 17.80
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 90.00
    • Insurance
      - $ 58.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 543.00
  • Net Income / year

    $ 6,516.00
  • Total Investment

    $ 71,204.00
    • Underlying Asset Price
      $ 54,500.00
    • Sourcing Fee (10%)
      $ 7,120.00
    • Initial Maintenance Reserve
      $ 1,780.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 71,200.00
    • Rounding Difference
      $ 4.00
  • Expected Income

    9.15%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,018
  • Heating

    Forced Air w/ Ducts
  • Building Class

    C
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-15800-TACOMA-ST-DETROIT-MI
  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 16, 2023
  • Issuer

    RealToken International 15800 Tacoma St Inc
  • Min. Investment Amount

    $50.86
  • Max. Investment Amount

    $71,204.00
  • Amount Raised

    $71,204.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15800 Tacoma

Discover comfort and convenience with this single-family residence in the Burbank neighborhood of Detroit. The living space of this property is 1,018 square-feet, situated on an ample 5,227 square-foot lot. This residence features 3 bedrooms and 1 bathroom, providing plenty of space for a family.

With this home’s proximity to the Heilmann Recreation Center, residents have easy access to community meetings, athletic and sports activities, and engaging programs for seniors, teens, and children. The property is also situated near the Fisher Magnet Elementary Academy, enhancing educational accessibility for families. 15800 Tacoma sits just a few minutes away from our sold-out property at 15225 Bringard, and this proximity minimizes contractor travel time and costs, contributing to economy-of-scale benefits.

15800 Tacoma promises an expected rental income of 9.15%, and was acquired for just $54,500. A $5,000 renovation budget has been allocated for painting, siding maintenance, and overall enhancements, ensuring a cozy and well-maintained environment for its tenants. Come explore the potential of 15800 Tacoma, where practicality meets opportunity!

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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