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19340 Packard St, Detroit, MI 48234

View Smart Contracts: Eth Gnosis

Total Investment: $ 64,629.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.64%

    Not including capital appreciation

  • Income per Token

    $ 4.83 / year
  • Income Start Date

    June 1, 2024
  • Token Price

    $ 50.10
  • Total Tokens

    1,290

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

    19340 Packard St, Detroit, MI 48234
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Nortown
  • Construction Year

    1937
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,920.00
  • Gross Rent / month

    $ 910.00
  • Monthly Costs

    - $ 391.00
    • Property Management (8.00%)
      - $ 72.80
    • RealT Platform (2.00%)
      - $ 18.20
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 100.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 519.00
  • Net Rent / year

    $ 6,228.00
  • Total Investment

    $ 64,629.00
    • Underlying Asset Price
      $ 51,000.00
    • Sourcing Fee (10%)
      $ 6,462.90
    • Initial Maintenance Reserve
      $ 1,820.00
    • Initial Renovation Reserve
      $ 2,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 64,632.90
    • Rounding Difference
      - $ 3.90
  • Expected Income

    9.64%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,181
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,031
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-19340-PACKARD-ST-DETROIT-MI
  • Total Tokens

    1290

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 4, 2024
  • Issuer

    RealToken International 19340 Packard St Inc
  • Min. Investment Amount

    $50.10
  • Max. Investment Amount

    $64,629.00
  • Amount Raised

    $64,629.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Enveloped in Nature

19340 Packard is a quaint brick single-family residence surrounded by lush trees. This home features 3 bedrooms, 1 bathroom, and a detached 1-car garage, and enjoys nearby amenities such as Marion Law Academy kindergarten, the Wilder Detroit Public Library, and the Lipke playground. These community services enrich tenants’ living experience, and the SAY Detroit Play Center at Lipke Park offers exceptional academic, athletic, and arts programs for after-school students.

Embracing Nortown’s Essence

Located in the Nortown neighborhood, this home embodies the area’s serene atmosphere and abundant green spaces. Residents appreciate the cleanliness and strong sense of community that define Nortown and make it such a family-friendly environment. The Nortown Community Development Corporation (CDC), established in 1991, underscores the neighborhood’s commitment to community-based economic development, affordable housing, and local business support, making it an ideal place to call home.

Growth and Potential

Token-holders can anticipate an expected income of 9.64% from Packard. Acquired for $51,000, this property presents an appealing investment opportunity. A $2,500 renovation budget included in the listing price is allocated for siding and brick upkeep, ensuring the property retains its aesthetic appeal. Close proximity to other RealT properties, including 19643 Rogge, 8181 Bliss, and 19154 Sherwood, enables our economies-of-scale strategy to minimize management costs and maximize returns. Embrace the opportunity of 19340 Packard by adding it to your portfolio!

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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