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18983 Alcoy Ave, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 65,780.00

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

    0.00% Not Rented

    Not including capital appreciation

  • Income per Token

    $ 0.00 / year
  • Income Start Date

    April 20, 2021
  • Token Price

    $ 54.82
  • 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

    18983 Alcoy Ave, Detroit, MI 48205
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Franklin Park
  • Construction Year

    1929
  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    No
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 0.00
  • Gross Rent / month

    Not Rented $ 0.00
  • Monthly Costs

    - $ 113.00
    • Property Taxes
      - $ 63.00
    • Insurance
      - $ 50.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 0.00
  • Net Rent / year

    $ 0.00
  • Total Investment

    $ 65,780.00
    • Underlying Asset Price
      $ 65,000.00
    • Initial Maintenance Reserve
      $ 780.00
    • Unrounded Listing Price
      $ 65,780.00
  • Expected Income

    Not Rented 0.00%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,792
  • Parking

    Detached Garage
  • Interior Size (sqft)

    994

Blockchain

  • Identifier

    REALTOKEN-S-18983-ALCOY-AVE-DETROIT-MI
  • Total Tokens

    1200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 14, 2021
  • Issuer

    RealToken LLC - Series #95 - 18983 Alcoy
  • Min. Investment Amount

    $54.82
  • Max. Investment Amount

    $65,780.00
  • Amount Raised

    $65,780.00
  • Offering Percent (of Total Tokens)

    100.00%

Property Valuation

  • 2022

    Aug 11
    484 days since prior valuation

    Asset Valuation

    $ 65,000.00

    Annual Change

    +16.22%

    Total Investment

    $ 65,780.00

    Token Price

    $ 54.82

    Capital ROI

    +13.30%

    Reg Distributed

    $ 6,111.00

    New Photos

    No new photos at this time.
  • 2021

    Apr 14
    Initial Valuation

    Asset Valuation

    $ 53,500.00

    Total Investment

    $ 61,116.00

    Token Price

    $ 50.93

    Initial Valuation

    Values derived in: Property Financials Tab

Detokenization

This property was proposed for sale to a third party. The property token-holders approved this sale via a vote and the property was sold. Token-holders had their RealTokens redeemed (less fees and closing costs), and all of this property's tokens have been burned.

Access the Voting App >

Initial Asset Values

  • Initial Total Investment

    $ 61,116.00
  • Maintenance Reserve

    $ 1,500.00
  • Sourcing Fee

    $ 6,111.00
  • Initial Token Price

    $ 50.93

Current Asset Values

  • Current Total Investment

    $ 65,780.00
  • Maintenance Reserve Remaining

    $ 630.00
  • Current Token Price

    $ 54.82

Proposed Asset Values

  • Total Purchase Offer

    $ 88,000.00
  • Maintenance Reserve Remaining

    $ 630.00
  • Gross Redemption

    $ 88,630.00
  • Closing Costs

    - $ 1,000.00
  • RealT Exit Fee

    - $ 8,600.00
  • Taxes Due

    - $ 7,247.82
  • Net Redemption

    $ 71,782.18
  • Total Tokens

    1,200
  • Net Token Redemption Price

    $ 59.818

Estimated Performance, no Distribution

  • Initial Total Investment

    $ 61,116.00
  • Proposed Net Redemption

    $ 71,782.18
  • Initial Launch ROI

    + 17.452 %
  • Current Total Investment

    $ 65,780.00
  • Proposed Net Redemption

    $ 71,782.18
  • Post-Revaluation ROI

    + 9.125 %

Estimated Performance w/ Distribution

  • 2021 Distribution

    $ 3.99 / token
  • 2022 Distribution (to Nov 30, 2022)

    $ 5.15 / token
  • Net Token Redemption Price

    $ 59.818 / token
  • Total Value Distributed

    $ 68.958 / token
  • Total Earnings Since Launch

    $ 18.028 / token
  • Total Earnings Percent Since Launch

    + 35.397 %

Vote Information

  • Voting App URL

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

    Gnosis Chain*
  • Smart Contract

    0xda92...fe616f
  • 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

  • Offer Received & Reviewed

    Nov 21, 2022
  • Proposal Announcement

    Dec 2, 2022
  • Token Snapshot

    Dec 02, 2022 08:00 UTC
  • Voting Starts

    Dec 02, 2022 20:00 UTC
  • Voting Ends

    Dec 06, 2022 20:00 UTC
  • Closing Process

    Dec 07 2022 - Jan 07, 2023
  • Tokens Burned

    48 hours after Closing
  • Capital Redemption

    48 hours after Closing

Vote Result

 Approved

Final Values

  • Closing Date

    Jan 16, 2023
  • Total Purchase Amount

    $ 88,000.00
  • Maintenance Reserve Remaining

    $ 630.00
  • Adjustment

    $ -
  • Gross Redemption

    $ 88,630.00
  • Closing Costs

    - $ 1,000.00
  • RealT Exit Fee

    - $ 8,600.00
  • Taxes Due

    - $ 7,247.82
  • Net Redemption

    $ 71,782.18
  • Total Tokens

    1,200
  • Net Token Redemption Price

    $ 59.818 / token

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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