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1760 Elkins Dr, St. Louis, MO 63136

View Smart Contracts: Eth xDai

Total Investment: $ 90,720.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.76%

    Not including capital appreciation

  • Income Start Date

    March 15, 2024
  • Income per Token

    $ 4.92 / year
  • Token Price

    $ 50.40
  • Total Tokens

    1,800

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

    1760 Elkins Dr, St. Louis, MO 63136
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Northland Hills
  • Construction Year

    1963
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    82%

Property Financials

  • Gross Income / year

    $ 14,700.00
  • Gross Income / month

    $ 1,225.00
  • Monthly Costs

    - $ 487.50
    • Property Management (8.00%)
      - $ 98.00
    • RealT Platform (2.00%)
      - $ 24.50
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 190.00
    • Insurance
      - $ 65.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 737.50
  • Net Income / year

    $ 8,850.00
  • Total Investment

    $ 90,720.00
    • Underlying Asset Price
      $ 73,000.00
    • Sourcing Fee (10%)
      $ 9,072.00
    • Initial Maintenance Reserve
      $ 1,850.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 90,722.00
    • Rounding Difference
      - $ 2.00
  • Expected Income

    9.76%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,926
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,325
  • Heating

    Central
  • Cooling

    Central
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-1760-ELKINS-DR-ST.-LOUIS-MO
  • Total Tokens

    1800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 11, 2024
  • Issuer

    RealToken International 1760 Elkins Dr Inc
  • Min. Investment Amount

    $50.40
  • Max. Investment Amount

    $90,720.00
  • Amount Raised

    $90,720.00
  • 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.

About the Property

1760 Elkins

Introducing 1760 Elkins, a well-maintained single-family brick residence featuring 3 bedrooms and 1 bathroom. This property, which is currently occupied by long-term tenants, offers a comfortable living space of 1,325 square feet on a 6,926 square-foot lot in a fully-residential area in the heart of St. Louis. Noteworthy is the residence’s attached garage, enhancing its convenience and appeal for tenants.

Located in the Northland Hills neighborhood of St. Louis, 1760 Elkins is surrounded by an array of different architectural styles, varying home sizes, and affordable housing options. The community is enriched by the presence of North Hills United Methodist Church and the North County Transit Center, providing tenants with nearby amenities and transportation options. Residents of Northland Hills appreciate the accessibility of key facilities in the vicinity.

Token holders can anticipate a 9.76% expected rental income from this property, acquired for a reasonable $73,000. The listing price incorporates a $4,000 renovation budget, allocated for essential fixes such as roof maintenance, painting, and brick enhancements. This property aligns with our commitment to grow in concentric circles, a proven strategy that allows us to optimize maintenance costs and collectively enhance property values in Missouri, just as we have done in Michigan.

Map

Property Records

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Why St. Louis?

Invest Right

In 2021, St. Louis, MO, earned recognition as one of the top 20 most enjoyable cities in America by WalletHub. Residents express their affection for the city due to factors such as its affordable living costs, budget-friendly housing, and a rich selection of amenities and entertainment options. Many describe St. Louis as a metropolis that expresses both big-city vibes and small-town charm. The city has a diverse economy, excelling in service, manufacturing, trade, transportation, and aviation sectors. St. Louis is renowned for its distinctive Gateway Arch, devoted sports enthusiasts, and a vibrant blues music scene.

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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