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18515-18517 Kelly Rd, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 93,290.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.06%

    Not including capital appreciation

  • Rent per Token

    $ 4.94 / year

  • Rent Start Date

    November 20, 2022

  • Token Price

    $ 49.10

  • Total Tokens

    1,900

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

    18515-18517 Kelly Rd, Detroit, MI 48224

  • Neighborhood

    Moross - Morang

  • Construction Year

    1942

  • Stories

    1 Stories

  • Total Units

    2 Units

  • Bedroom/Bath

    2x2 Beds / 2x1 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 15,360.00

  • Gross Rent / month

    $ 1,280.00

  • Monthly Costs

    - $ 498.00
    • Property Management (8.00%)
      - $ 102.40
    • RealT Platform (2.00%)
      - $ 25.60
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 220.00
    • Insurance
      - $ 40.00

  • Net Rent / month

    $ 782.00

  • Net Rent / year

    $ 9,384.00

  • Total Investment

    $ 93,290.00
    • Underlying Asset Price
      $ 77,000.00
    • Operating Expense Reimbursement (10%)
      $ 9,328.89
    • Initial Maintenance Reserve
      $ 2,560.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 93,288.89
    • Rounding Difference
      $ 1.11

  • Expected Income

    10.06%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,400

  • Foundation

    Masonery

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    Driveway

  • Interior Size (sqft)

    1,440

  • Heating

    Force Air / Gas

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Partially

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-18515-18517-KELLY-RD-DETROIT-MI

  • Total Tokens

    1900

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 20, 2022

  • Issuer

    RealToken International 18515-18517 Kelly St Inc

  • Min. Investment Amount

    $49.10

  • Max. Investment Amount

    $93,290.00

  • Amount Raised

    $93,290.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

18515-18517 Kelly

During this new offering, we are excited to offer two duplexes next to each other: 18515-18517 Kelly and 18527-18529 Kelly. These properties are well-maintained, and we have allocated a small renovation budget of $4,000 per duplex to maintain their expected yields of 10.06% and 10.03%, respectively.

These duplexes are located in the Moross-Morang neighborhood of Detroit. This is a trending area for tenants because of its suburban feel with great access to major commuting lines and public transportation.

RealT has already tokenized two properties in the area: 12409 Whitehill and 12334 Lansdowne.
They have already been re-evaluated, and we invite you to go to each property’s “Valuation” tab to discover their appreciation and to see the results of RealT’s work since 2019.

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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