19333 Moenart St, Detroit MI 48234
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Property Highlights
-
Expected Yield
11% -
Rent Start Date
2021-03-19 -
Rent per Token
$5.71 / year -
Token Price
$51.93 -
Total Tokens
1,200 -
Property Type
Single Family -
Construction Year
1929 -
Neighborhood
Farwell -
Square Feet
1,184 -
Lot Size
4,356 -
Bedroom/Bath
3 Bed / 1 Bath -
Section 8?
No
All financial statements of property yield are best estimates based on current conditions, and can change at any time.
We are targeting the above equity multiple 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.
Financials
-
Gross Rent / year
$9,480.00 -
Gross Rent / month
$790.00 -
Monthly Costs
- $218.60-
Property Management (7.00%)
- $55.30 -
RealT Platform (2.00%)
- $15.80 -
Property Taxes
- $97.50 -
Insurance
- $50.00 -
Utilities
Tenant-paid
-
-
Net Rent / month
$571.40 -
Net Rent / year
$6,856.80 -
Total Investment
$62,316.00-
Initial Maintenance Reserve
$1,580.00
-
-
Expected Yield
11.00%
About the Property
19333 Moenart has a lot to love, including a double lot (4,356 square feet!), an attached garage, and a basketball court! With three beds and one bath, it’s a solid family dwelling that has stood the test of time. The Farwell neighborhood in which Moenart is situated has a quiet suburban feel, and most residents own their homes, making it a stable location for investment. The neighborhood parks and large number of families make it a very appealing place to live!
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.