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16704 Talford Ave, Cleveland, OH 44128

View Smart Contracts: Eth Gnosis

Total Investment: $ 104,915.20

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.70%

    Not including capital appreciation

  • Income per Token

    $ 4.90 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 50.44
  • Total Tokens

    2,080

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

    16704 Talford Ave, Cleveland, OH 44128
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Lee Miles
  • Construction Year

    1931
  • Bedroom/Bath

    4 Beds / 1.5 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 15,780.00
  • Gross Rent / month

    $ 1,315.00
  • Monthly Costs

    - $ 466.50
    • Property Management (8.00%)
      - $ 105.20
    • RealT Platform (2.00%)
      - $ 26.30
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 140.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 848.50
  • Net Rent / year

    $ 10,182.00
  • Total Investment

    $ 104,915.20
    • Underlying Asset Price
      $ 85,000.00
    • Sourcing Fee (10%)
      $ 10,491.52
    • Initial Maintenance Reserve
      $ 2,630.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 104,921.52
    • Rounding Difference
      - $ 6.32
  • Expected Income

    9.70%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,445
  • Foundation

    Masonry
  • Exterior Walls

    Aluminium / Vinyl
  • Roof Type

    Asphalt Fiberglass Slate
  • Interior Size (sqft)

    1,248
  • Heating

    Gas / Forced Air
  • Cooling

    Central
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-16704-TALFORD-AVE-CLEVELAND-OH
  • Total Tokens

    2080

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 16704 Talford Ave Inc
  • Min. Investment Amount

    $50.44
  • Max. Investment Amount

    $104,915.20
  • Amount Raised

    $104,915.20
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Colonial Charm in Lee Miles

Southeast of Cleveland sits 16704 Talford, a timeless two-story colonial-style single-family residence located in the Lee Miles neighborhood. With 4 bedrooms and 1.5 bathrooms, the residence offers a spacious 1,248 square feet of living space on an ample 5,445 square-foot lot. This property is equipped with a detached one-car garage and a cozy fireplace, and the architectural design harmoniously blends classic colonial elements, providing a timeless and inviting ambience.

Community with a Unique Identity

The Lee Miles neighborhood, which used to be called Miles Heights, has a rich history that dates back to the early 1920s. Initially considered Cleveland’s first ward, Lee Miles has transformed from a collection of cabins into a community with a distinct identity. The residential streets are home to a mix of modest bungalows and larger colonial residences, with some older homes from the early 1920s. Residents enjoy the vibrant community spirit, with activities such as the weekly “What Are You Reading” Book Club, catering to various age groups. Numerous pocket parks, including Kerruish Park and Jo Ann, offer green spaces for recreational activities.

Steady Returns

Token-holders will benefit from an expected rental income of 9.70%. Acquired at a reasonable cost of $85,000, this property also aligns with our strategic investment approach. The listing price incorporates a $4,000 renovation budget, covering essential upgrades for painting, roof improvements, and addressing deferred maintenance.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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