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17562 Mansfield St, Detroit, MI 48235

View Smart Contracts: Eth xDai

Total Investment: $ 86,724.90

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

    9.20%

    Not including capital appreciation

  • Income Start Date

    July 15, 2024

  • Income per Token

    $ 4.61 / year

  • Token Price

    $ 50.13

  • Total Tokens

    1,730

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

    17562 Mansfield St, Detroit, MI 48235

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    College Park

  • Construction Year

    1941

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long Term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 13,200.00

  • Gross Income / month

    $ 1,100.00

  • Monthly Costs

    - $ 435.00
    • Property Management (8.00%)
      - $ 88.00
    • RealT Platform (2.00%)
      - $ 22.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Income / month

    $ 665.00

  • Net Income / year

    $ 7,980.00

  • Total Investment

    $ 86,724.90
    • Underlying Asset Price
      $ 69,000.00
    • Sourcing Fee (10%)
      $ 8,672.49
    • Initial Maintenance Reserve
      $ 2,200.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 86,722.49
    • Rounding Difference
      $ 2.41

  • Expected Income

    9.20%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,280

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,000

  • Heating

    Gas / Forced Air

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-17562-MANSFIELD-ST-DETROIT

  • Total Tokens

    1730

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024

  • Issuer

    RealToken International 17562 Mansfield St Inc

  • Min. Investment Amount

    $50.13

  • Max. Investment Amount

    $86,724.90

  • Amount Raised

    $86,724.90

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Charming Home

Welcome to 17562 Mansfield, a single-family home nestled in Detroit’s College Park neighborhood. This residence offers 3 bedrooms, 1 bathroom, and 1,000 square feet of living space on a 4,280 square-foot lot. With its practical layout and inviting ambiance, 17562 Mansfield is perfect for families seeking a comfortable living space.

A Thriving Neighborhood

The College Park neighborhood is rich with amenities and points of interest. Families will appreciate the nearby Detroit Achievement Academy, providing quality education close to home. Peterson Playfield Park offers green space for outdoor activities and relaxation, while Renaissance High School is conveniently located for older students. These amenities contribute to the community’s appeal and make College Park a desirable place to live.

Compelling Potential

This property offers an expected yearly income of 9.20%, making it an attractive investment opportunity. Listed at $86,724.90 with a $4,000 renovation budget, 17562 Mansfield offers potential solid returns. Its proximity to other RealT properties such as 13606 Winthrop, 16851-16881 Greenfield, and 4021 E Outer ensures streamlined operations and resource sharing, enhancing overall investment efficiency and profitability.

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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