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19144 Riopelle St, Highland Park, MI 48203

View Smart Contracts: Eth xDai

Total Investment: $77,445.00

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

    11.54%

    Not including capital appreciation!

  • Rent Start Date

    2021-10-25
  • Rent per Token

    $5.96 / year
  • Token Price

    $51.63
  • Total Tokens

    1,500

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
  • Construction Year

    1928
  • Neighborhood

    Nolan
  • Bedroom/Bath

    2x2 Bed / 2x1 Bath
  • Total Units

    2 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $13,200.00
  • Gross Rent / month

    $1,100.00
  • Monthly Costs

    - $355.00
    • Property Management (8.00%)
      - $88.00
    • RealT Platform (2.00%)
      - $22.00
    • Maintenance Expenses
      - $85.00
    • Property Taxes
      - $110.00
    • Insurance
      - $50.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $745.00
  • Net Rent / year

    $8,940.00
  • Total Investment

    $77,445.00
    • Underlying Asset Price
      $57,500.00
    • RealT Listing Fee (10%)
      $7,744.44
    • Initial Maintenance Reserve
      $2,200.00
    • Initial Renovation Reserve
      $10,000.00
  • Expected Income

    11.54%

    Not including capital appreciation!

Property Details

  • Lot Size

    4792 sqft
  • Construction Type

    Wood Siding
  • Roof Type

    Asphalt
  • Parking

    1 Detached Garage
  • Interior Size

    1366 sqft
  • Heating

    Gas/Forced Hot Air
  • Cooling

    None

Test Renovation content!

About the Property

19144 Riopelle

Located in a well-kept neighborhood, this fully-rented duplex gives tenants easy access to restaurants, shopping, and major travel routes. Each unit features two bedrooms and one bath, and the building enjoys a large 4,792 square-foot lot with grassy front- and backyards. Minor renovations will be completed in the coming months to help this gem realize its full potential.

Riopelle Street itself is very walk-able, located within easy distance of neighborhood amenities and lined with sidewalks and well-manicured lawns. The surrounding city of Highland Park is best known for being the location Henry Ford chose for his first great automotive factory, the moving assembly-line process for which Ford became famous. The population boom from Ford’s entrepreneurial drive in Highland Park greatly contributed to the growth of the great city to its south, Detroit. Now this quaint and quiet neighborhood can become a charming addition to your real estate portfolio!

Map

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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