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19962 Waltham St, Detroit, MI 48205

View Smart Contracts: Eth xDai

Total Investment: $ 56,672.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.54%

    Not including capital appreciation

  • Rent per Token

    $ 5.95 / year

  • Rent Start Date

    September 17, 2021

  • Token Price

    $ 51.52

  • Total Tokens

    1,100

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

    19962 Waltham St, Detroit, MI 48205

  • Neighborhood

    Connor Creek

  • Construction Year

    1942

  • Bedroom/Bath

    3 Bed / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

Property Financials

  • Gross Rent / year

    $ 9,000.00

  • Gross Rent / month

    $ 750.00

  • Monthly Costs

    - $ 205.00
    • Property Management (8.00%)
      - $ 60.00
    • RealT Platform (2.00%)
      - $ 15.00
    • Property Taxes
      - $ 80.00
    • Insurance
      - $ 50.00

  • Net Rent / month

    $ 545.00

  • Net Rent / year

    $ 6,540.00

  • Total Investment

    $ 56,672.00
    • Underlying Asset Price
      $ 48,000.00
    • Operating Expense Reimbursement (10%)
      $ 5,666.67
    • Initial Maintenance Reserve
      $ 1,500.00
    • Initial Renovation Reserve
      $ 1,500.00
    • Unrounded Listing Price
      $ 56,666.67
    • Rounding Difference
      $ 5.33

  • Expected Income

    11.54%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Parking

    Driveway

  • Interior Size (sqft)

    716

Test Renovation content!

Offering Details

  • Offering Date

    September 17, 2021

  • Issuer

    RealToken LLC - Series #153 - 19962 Waltham

  • Min. Investment Amount

    $51.52

  • Max. Investment Amount

    $56,672.00

  • Amount Raised

    $56,672.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

This single family home, located in the Connor Creek neighborhood,, has 3 bedrooms and 1 bathroom in a 716 square-foot home that sits on a sizable 4356 square-foot lot. Waltham is currently rented to a stable tenant, and will require only modest renovations up front.

Waltham is situated close to two parks and the Boys and Girls Club for easy access to recreational activities; it also enjoys proximity to major highways and Lake Saint Clair and Lake Erie. The surrounding neighborhood of Connor Creek is named for an underground waterway that was above ground in the late 1800’s, when it was used as a guide for building the Detroit Terminal Railroad. Today, landscaped paths and bike trails connect residents in a quaint neighborhood lined with lush trees and sidewalks.

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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