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18276 Appoline St, Detroit, MI 48235

View Smart Contracts: Eth xDai

Total Investment: $ 85,486.57

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

    11.16%

    Not including capital appreciation

  • Income Start Date

    May 12, 2020
  • Income per Token

    $ 6.81 / year
  • Token Price

    $ 61.06
  • Total Tokens

    1,400

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

    18276 Appoline St, Detroit, MI 48235
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Schulze
  • Construction Year

    1950
  • Bedroom/Bath

    3 Bed / 1.5 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Income / year

    $ 11,820.00
  • Gross Income / month

    $ 985.00
  • Monthly Costs

    - $ 190.15
    • Property Management (7.00%)
      - $ 68.95
    • RealT Platform (2.00%)
      - $ 19.70
    • Property Taxes
      - $ 47.00
    • Insurance
      - $ 54.50
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 794.85
  • Net Income / year

    $ 9,538.20
  • Total Investment

    $ 85,486.57
    • Underlying Asset Price
      $ 85,486.57
    • Unrounded Listing Price
      $ 85,486.57
  • Expected Income

    11.16%

    Not including capital appreciation

Test Renovation content!

Offering Details

  • Offering Date

    May 8, 2020
  • Issuer

    Series #11 - 18276 Appoline of RealToken
  • Min. Investment Amount

    $61.06
  • Max. Investment Amount

    $85,486.57
  • Amount Raised

    $85,486.57
  • Offering Percent (of Total Tokens)

    100.00%

Property Valuation

  • 2024

    Jun 24
    1118 days since prior valuation

    Asset Valuation

    $ 85,486.57

    Annual Change

    +4.57%

    Total Investment

    $ 85,486.57

    Token Price

    $ 61.06

    Capital ROI

    +4.11%

    New Photos

    No new photos at this time.
  • 2021

    Jun 02
    390 days since prior valuation

    Asset Valuation

    $ 75,000.00

    Annual Change

    +14.41%

    Total Investment

    $ 75,925.00

    Token Price

    $ 54.23

    Capital ROI

    +12.79%

    Reg Distributed

    $ 7,325.00

    New Photos

    No new photos at this time.
  • 2020

    May 08
    Initial Valuation

    Asset Valuation

    $ 65,000.00

    Total Investment

    $ 73,250.00

    Token Price

    $ 52.32

    Initial Valuation

    Values derived in: Property Financials Tab

Detokenization

Initial Asset Values

  • Initial Total Investment

    $ 73,250.00
  • Maintenance Reserve

    $ 925.00
  • Sourcing Fee

    $ 7,325.00
  • Initial Token Price

    $ 52.32

Current Asset Values

  • Current Total Investment

    $ 85,486.57
  • Current Token Price

    $ 61.06

Proposed Asset Values

  • Total Purchase Offer

    $ 116,000.00
  • Gross Redemption

    $ 116,000.00
  • Closing Costs

    - $ 500.00
  • RealT Exit Fee

    - $ 11,600.00
  • Taxes Due

    - $ 14,311.43
  • Net Redemption

    $ 89,588.57
  • Total Tokens

    1,400
  • Net Token Redemption Price

    $ 63.992

Estimated Performance, no Distribution

  • Initial Total Investment

    $ 73,250.00
  • Proposed Net Redemption

    $ 89,588.57
  • Initial Launch ROI

    + 22.305 %
  • Current Total Investment

    $ 85,486.57
  • Proposed Net Redemption

    $ 89,588.57
  • Post-Revaluation ROI

    + 4.798 %

Estimated Performance w/ Distribution

  • 2020 Distribution

    $ 4.03 / token
  • 2021 Distribution

    $ 6.35 / token
  • 2022 Distribution

    $ 6.35 / token
  • 2023 Distribution

    $ 4.33 / token
  • 2024 Distribution

    $ 3.14 / token
  • Net Token Redemption Price

    $ 63.992 / token
  • Withholding Per Token

    - $ 2.93 / token
  • Total Value Distributed

    $ 85.26 / token
  • Total Earnings Since Launch

    $ 32.94 / token
  • Total Earnings Percent Since Launch

    + 62.96 %

Vote Information

  • Voting App URL

    https://vote.realtoken.network/
  • Voting Network

    Gnosis Chain*
  • Smart Contract

    0xA13d...5dC2dB
  • Quorum Type

    Number of tokens
  • Quorum Requirement

    0 %
  • Quorum Minimum "Yes"

    50 %
  • Type of Vote

    1 Token = 1 Voice
  • Is Vote Editable?

    no

* Additional information regarding Voting Network:

  • RealT provides 0.005 xDai to the participant to enable voting.
  • Addresses that hold tokens on Ethereum must vote on Gnosis Chain.
  • If an address on Ethereum cannot perform a transaction on Gnosis Chain, contact RealT support before beginning your voting session.

Process Schedule

  • Proposal Announcement

    Jun 19, 2024
  • Token Snapshot

    June 19, 2024 18:00 UTC
  • Voting Starts

    June 20, 2024 16:00 UTC
  • Voting Ends

    June 23, 2024 00:00 UTC
  • Closing Process

    June 24 2024 - July 30 2024
  • Tokens Burned

    48 hours after Closing
  • Capital Redemption

    48 hours after Closing

Vote Result

 APPROVED

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.

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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