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16644 Rossini Dr, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 63,000.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.24%

    Not including capital appreciation

  • Income per Token

    $ 4.66 / year

  • Income Start Date

    June 1, 2023

  • Token Price

    $ 50.40

  • Total Tokens

    1,250

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

    16644 Rossini Dr, Detroit, MI 48205

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Burbank

  • Construction Year

    1950

  • Bedroom/Bath

    3 Bed / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 8

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 10,200.00

  • Gross Rent / month

    $ 850.00

  • Monthly Costs

    - $ 365.00
    • Property Management (8.00%)
      - $ 68.00
    • RealT Platform (2.00%)
      - $ 17.00
    • Maintenance Expenses
      - $ 115.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 40.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 485.00

  • Net Rent / year

    $ 5,820.00

  • Total Investment

    $ 63,000.00
    • Underlying Asset Price
      $ 50,000.00
    • Sourcing Fee (10%)
      $ 6,300.00
    • Initial Maintenance Reserve
      $ 1,700.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 63,000.00

  • Expected Income

    9.24%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    7,160

  • Foundation

    Masonry block

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    818

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Partial

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-16644-ROSSINI-DR-DETROIT-MI

  • Total Tokens

    1250

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 25, 2023

  • Issuer

    RealToken International 16644 Rossini Dr Inc

  • Min. Investment Amount

    $50.40

  • Max. Investment Amount

    $63,000.00

  • Amount Raised

    $63,000.00

  • Offering Percent (of Total Tokens)

    100.00%

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

Learn More

About the Property

16644 Rossini

This single-family residence is located in the northeast part of Detroit. This is an area we like, and it is where we have the largest concentration of tokenized properties. As you can see on the map, Rossini’s street is right next to Kelly Rd, Tacoma St, E State Fair St, and Eastburn St. If you’ve been investing with us for a while, these streets should be familiar – in fact, you probably already own  RealToken from one of these offerings!

This new acquisition is 100% eligible for the HUD Section 8 program, and it nicely reinforces our concentric circle strategy to create economies of scale in the area.

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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