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19396 Westphalia St, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 70,784.00

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

    9.15%

    Not including capital appreciation

  • Income per Token

    $ 4.62 / year
  • Income Start Date

    May 1, 2024
  • Token Price

    $ 50.56
  • Total Tokens

    1,400

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

    19396 Westphalia St, Detroit, MI 48205
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Pulaski
  • Construction Year

    1948
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,460.00
  • Gross Rent / month

    $ 955.00
  • Monthly Costs

    - $ 415.50
    • Property Management (8.00%)
      - $ 76.40
    • RealT Platform (2.00%)
      - $ 19.10
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 145.00
    • Insurance
      - $ 65.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 539.50
  • Net Rent / year

    $ 6,474.00
  • Total Investment

    $ 70,784.00
    • Underlying Asset Price
      $ 55,000.00
    • Sourcing Fee (10%)
      $ 7,078.40
    • Initial Maintenance Reserve
      $ 1,910.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 70,788.40
    • Rounding Difference
      - $ 4.40
  • Expected Income

    9.15%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,877
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,108
  • Heating

    Forced Air w/Ducts / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-19396-WESTPHALIA-ST-DETROIT-MI
  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 28, 2024
  • Issuer

    RealToken International 19396 Westphalia St Inc
  • Min. Investment Amount

    $50.56
  • Max. Investment Amount

    $70,784.00
  • Amount Raised

    $70,784.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Convenient reinvestment property

Introducing 19396 Westphalia, a charming brick bungalow that also sports a detached 2-car garage. This home enjoys a practical 3 bedrooms and 1 bathroom in a comfortable 1,108 square feet of living space, all on a 3,877 square-foot lot, fenced to avoid squatters.
Situated in the Pulaski neighborhood of Detroit, it also enjoys proximity to local amenities such as Calimera Park and Brown’s Daycare Center, adding convenience and recreational opportunities for residents. The house is currently undergoing construction, approaching its completion, with a tenant on the first floor.

Easy access to transportation

The Pulaski neighborhood is distinguished by its grid-like streets and closely spaced residential homes. Bus stops on 7 Mile Road, Schoenherr Street, and Hoover Street make it easy to get around the neighborhood. People who have cars can use Michigan Highway 53 to go to work, making this an appealing location for working families.

Attractive opportunity

Token-holders can anticipate a 9.15% expected rental income from Westphalia. Acquired for a competitive $55,000, this property presents an attractive investment opportunity, and the listing price includes a $4,000 renovation budget that covers essential upgrades such as brick enhancements, painting, and sidewalk maintenance. As part of RealT’s commitment to economies of scale, this property’s location near many other RealT properties aligns with our strategic vision aimed at maximizing efficiency and 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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