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18286 Oakfield Ave, Detroit, MI 48235

View Smart Contracts: Eth xDai

Total Investment: $ 59,964.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.24%

    Not including capital appreciation

  • Rent per Token

    $ 4.62 / year
  • Rent Start Date

    May 1, 2023
  • Token Price

    $ 49.97
  • Total Tokens

    1,200

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

    18286 Oakfield Ave, Detroit, MI 48235
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    College Park
  • Construction Year

    1941
  • Stories

    1 Stories
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 9,396.00
  • Gross Rent / month

    $ 783.00
  • Monthly Costs

    - $ 321.30
    • Property Management (8.00%)
      - $ 62.64
    • RealT Platform (2.00%)
      - $ 15.66
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 95.00
    • Insurance
      - $ 38.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 461.70
  • Net Rent / year

    $ 5,540.40
  • Total Investment

    $ 59,964.00
    • Underlying Asset Price
      $ 49,900.00
    • Operating Expense Reimbursement (10%)
      $ 5,996.22
    • Initial Maintenance Reserve
      $ 1,566.00
    • Initial Renovation Reserve
      $ 1,500.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 59,962.22
    • Rounding Difference
      $ 1.78
  • Expected Income

    9.24%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    726
  • Heating

    Gas / Forced air
  • Cooling

    Central
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Test Renovation content!

Offering Details

  • Offering Date

    March 31, 2023
  • Issuer

    RealToken International 18286 Oakfield Ave Inc
  • Min. Investment Amount

    $49.97
  • Max. Investment Amount

    $59,964.00
  • Amount Raised

    $59,964.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

18286 Oakfield

We are pleased to be able to offer you a true “bread-and-butter” property in 18286 Oakfield. For those who are just joining us, that means a great purchase price, low renovations, good tenants, and an attractive structured expected income (9.24%) from stable rents month after month.

Oakfield is located northwest of the city of Detroit, where we have some other properties like 18949 Fenmore and 19020 Rosemont. Oakfield is situated next to a highway which makes it easy to get across town.

This single-family residence was built in 1941, has already been partially renovated, and doesn’t require any major work. Accordingly, we have budgeted only $1,500 for renovations.

NOTE: The photos above were added on 2023-05-09 to replace the previous set, which should have been attributed to 18613 Oakfield.  We regret the error.

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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