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19216 Hickory St, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 66,274.00

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

    9.05%

    Not including capital appreciation

  • Income per Token

    $ 4.62 / year
  • Income Start Date

    June 1, 2024
  • Token Price

    $ 50.98
  • Total Tokens

    1,300

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

    19216 Hickory St, Detroit, MI 48205
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Pulaski
  • Construction Year

    1942
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,800.00
  • Gross Rent / month

    $ 900.00
  • Monthly Costs

    - $ 400.00
    • Property Management (8.00%)
      - $ 72.00
    • RealT Platform (2.00%)
      - $ 18.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 110.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 500.00
  • Net Rent / year

    $ 6,000.00
  • Total Investment

    $ 66,274.00
    • Underlying Asset Price
      $ 52,000.00
    • Sourcing Fee (10%)
      $ 6,627.40
    • Initial Maintenance Reserve
      $ 1,800.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 66,277.40
    • Rounding Difference
      - $ 3.40
  • Expected Income

    9.05%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,198
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-19216-HICKORY-ST-DETROIT-MI
  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 28, 2024
  • Issuer

    RealToken International 19216 Hickory St Inc
  • Min. Investment Amount

    $50.98
  • Max. Investment Amount

    $66,274.00
  • Amount Raised

    $66,274.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Green Surroundings

Meet 19216 Hickory, a single-family residence with a lovely garden on an ample 5,227-square-foot lot. This lovely brick residence offers  a front porch, 3 bedrooms, and 1 bathroom. Its surroundings include a local shopping mall, and the esteemed Pulaski Elementary-Middle School. At the Calimera Park, immerse yourself in the unique charm of the area, highlighted by the Edible Hut – a wooden gazebo adorned with edible plants, fostering a sense of community and sustainability.

Connected Neighborhood

Hickory sits in the Pulaski neighborhood, a little over 10 miles from downtown Detroit, which provides a convenient city lifestyle with an affordable cost of living on the East Side. This neighborhood is currently enjoying revitalization efforts, with investors actively working on property enhancements. Pulaski is characterized by gridded streets and closely spaced residential homes. Public transportation, including bus stops along 7 Mile Road, Schoenherr Street, and Hoover Street, facilitates easy travel within the neighborhood, while those with cars can access Michigan Highway 53 for commuting.

Synergistic Benefits

Token-holders stand to benefit from an expected income of 9.05%. Acquired at a competitive price of $52,000.00, and with a renovation budget of $3,000 allocated for entrance and brick enhancements, this property is poised to enhance its curb appeal and market value. Moreover, its proximity to other RealT properties – including 19400 Hickory, 19530 Hickory, 19539 Hickory, 19396 Westphalia, and 19201 Westphalia – demonstrates the economy-of-scale benefits inherent in our investment portfolio, maximizing efficiency and amplifying returns for investors.

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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