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19736 Whitcomb St, Detroit, MI 48235

View Smart Contracts: Eth xDai

Total Investment: $ 98,098.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Token Type

    Standard Equity

  • Expected Income

    9.15%

    Not including capital appreciation

  • Income Start Date

    July 15, 2024

  • Income per Token

    $ 4.58 / year

  • Token Price

    $ 50.05

  • Total Tokens

    1,960

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

    19736 Whitcomb St, Detroit, MI 48235

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Greenfield

  • Construction Year

    1948

  • Bedroom/Bath

    3 Beds / 2 Baths

  • Rental Type

    Long Term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 14,640.00

  • Gross Income / month

    $ 1,220.00

  • Monthly Costs

    - $ 472.00
    • Property Management (8.00%)
      - $ 97.60
    • RealT Platform (2.00%)
      - $ 24.40
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Income / month

    $ 748.00

  • Net Income / year

    $ 8,976.00

  • Total Investment

    $ 98,098.00
    • Underlying Asset Price
      $ 80,000.00
    • Sourcing Fee (10%)
      $ 9,809.80
    • Initial Maintenance Reserve
      $ 2,440.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 98,099.80
    • Rounding Difference
      - $ 1.80

  • Expected Income

    9.15%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,791

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,245

  • Heating

    Gas / Forced Air

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-19736-WHITCOMB-ST-DETROIT-MI

  • Total Tokens

    1960

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024

  • Issuer

    RealToken International 19736 Whitcomb St Inc

  • Min. Investment Amount

    $50.05

  • Max. Investment Amount

    $98,098.00

  • Amount Raised

    $98,098.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Spacious Living

Welcome to 19736 Whitcomb, a single-family home in Detroit’s Greenfield neighborhood. This residence features 3 bedrooms, 2 bathrooms, and 1,245 square feet of living space on a 4,791 square-foot lot. With its spacious layout and modern amenities, 19736 Whitcomb offers a comfortable and inviting living environment.

An Active Neighborhood

The Greenfield neighborhood boasts a range of amenities and points of interest. Families will benefit from the proximity to Pembroke Academy and Bow Elementary-Middle School, providing excellent educational opportunities. Comstock Playground Park offers green space for outdoor activities and community gatherings, making it an ideal spot for residents to relax and enjoy the outdoors.

A Profitable Investment

With an expected yearly rental income of 9.15%, 19736 Whitcomb is a compelling investment option. Priced at $98,098 and including a $3,000 renovation budget, this property is well-positioned for growth and profitability. Additionally, its close location to other RealT properties like 19335 Rutherford facilitates cost-effective management and operational efficiencies, ensuring a robust investment performance.

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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