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16728-16730 Woodingham Dr, Detroit, MI 48221

View Smart Contracts: Eth Gnosis

Total Investment: $ 143,896.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.05%

    Not including capital appreciation

  • Income per Token

    $ 5.07 / year
  • Income Start Date

    February 1, 2024
  • Token Price

    $ 50.49
  • Total Tokens

    2,850

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

    16728-16730 Woodingham Dr, Detroit, MI 48221
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Maygrove
  • Construction Year

    1928
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 22,200.00
  • Gross Rent / month

    $ 1,850.00
  • Monthly Costs

    - $ 645.00
    • Property Management (8.00%)
      - $ 148.00
    • RealT Platform (2.00%)
      - $ 37.00
    • Maintenance Expenses
      - $ 180.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 130.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 1,205.00
  • Net Rent / year

    $ 14,460.00
  • Total Investment

    $ 143,896.50
    • Underlying Asset Price
      $ 98,000.00
    • Sourcing Fee (10%)
      $ 14,388.89
    • Initial Maintenance Reserve
      $ 3,700.00
    • Initial Renovation Reserve
      $ 25,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 143,888.89
    • Rounding Difference
      $ 7.61
  • Expected Income

    10.05%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,398
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,868
  • Heating

    Forced Air w/o Ducts
  • Building Class

    C
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-16728-16730-WOODINGHAM-DR-DETROIT-MI
  • Total Tokens

    2850

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    December 11, 2023
  • Issuer

    RealToken International 16728-16730 Woodingham Dr Inc
  • Min. Investment Amount

    $50.49
  • Max. Investment Amount

    $143,896.50
  • Amount Raised

    $143,896.50
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

16728-16730 Woodingham

16728-16730 Woodingham is a lovely duplex featuring two units with 2 bedrooms and 1 bathroom each, for a total of 1,868 square feet of living space situated on a 3,398 square-foot lot. The property is located in the vibrant Marygrove neighborhood, within walking distance of educational establishments including Marygrove Elementary School, Marygrove High School, and Marygrove College. Additionally, residents can benefit from the nearby Ella Fitzgerald Park and various restaurants, adding to the overall appeal of the location.

The strategic placement of this duplex near our multiple sold-out properties, aligns with our successful economies-of-scale approach, allowing us to optimize maintenance costs and collectively elevate property values for all locations.

Investors enjoy an expected rental income of 10.05%, and this investment was secured at an acquisition price of $98,000, ensuring a favorable entry point for potential buyers. The listing price also includes a renovation budget of $25,000, which covers essential upgrades like siding enhancements, entry and window enhancements, and deferred maintenance. As a result, 16728-16730 Woodingham presents an attractive investment, combining value-adding renovations with a strategic location.

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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