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19643 Rogge St, Detroit, MI 48234

View Smart Contracts: Eth Gnosis

Total Investment: $ 74,814.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Reinvestment Property

This property cannot currently be purchased through a traditional sale. It can only be acquired by opting into our rent reinvestment program.

Rent reinvestment will apply to all rent paid after the date of enrollment, and will continue until your reinvestment period ends.

Once you choose to reinvest your rent in a property, you cannot opt out until your reinvestment period ends. For more information, please press the 'REINVEST' button on this page.

Property Highlights

  • Expected Income

    9.13%

    Not including capital appreciation

  • Income per Token

    $ 4.62 / year

  • Income Start Date

    November 1, 2023

  • Token Price

    $ 50.55

  • Total Tokens

    1,480

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

    19643 Rogge St, Detroit, MI 48234

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Nortown

  • Construction Year

    1944

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,980.00

  • Gross Rent / month

    $ 915.00

  • Monthly Costs

    - $ 345.50
    • Property Management (8.00%)
      - $ 73.20
    • RealT Platform (2.00%)
      - $ 18.30
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 99.00
    • Insurance
      - $ 45.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 569.50

  • Net Rent / year

    $ 6,834.00

  • Total Investment

    $ 74,814.00
    • Underlying Asset Price
      $ 54,000.00
    • Sourcing Fee (10%)
      $ 7,481.11
    • Initial Maintenance Reserve
      $ 1,830.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 74,811.11
    • Rounding Difference
      $ 2.89

  • Expected Income

    9.13%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,008

  • Foundation

    Masonry

  • Exterior Walls

    Frame

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    921

  • Heating

    Forced Air w/o Ducts, Gas

  • Cooling

    None

  • Building Class

    C

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-19643-ROGGE-ST-DETROIT-MI

  • Total Tokens

    1480

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 2, 2023

  • Issuer

    RealToken International 19643 Rogge St Inc

  • Min. Investment Amount

    $50.55

  • Max. Investment Amount

    $74,814.00

  • Amount Raised

    $74,814.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

19643 Rogge

Located in Detroit, 19643 Rogge offers a straightforward living experience. It’s situated in a residential neighborhood close to parks and a few eateries, making it both comfortable and convenient for long-term tenants.

This property was acquired for a good price, and comes with a renovation budget of $10,000 to make necessary improvements. With these updates, we expect it to provide a solid rental income of 9.13%. This makes 19643 Rogge one of our “bread and butter” properties, as Remy likes to say.

Add it to your portfolio today!

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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