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20265 Evergreen Rd, Detroit, MI 48219

View Smart Contracts: Eth Gnosis

Total Investment: $ 90,162.30

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.65%

    Not including capital appreciation

  • Income per Token

    $ 4.86 / year
  • Income Start Date

    July 15, 2024
  • Token Price

    $ 50.37
  • Total Tokens

    1,790

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

    20265 Evergreen Rd, Detroit, MI 48219
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Evergreen - Lasher
  • Construction Year

    1953
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 13,800.00
  • Gross Rent / month

    $ 1,150.00
  • Monthly Costs

    - $ 425.00
    • Property Management (8.00%)
      - $ 92.00
    • RealT Platform (2.00%)
      - $ 23.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 110.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 725.00
  • Net Rent / year

    $ 8,700.00
  • Total Investment

    $ 90,162.30
    • Underlying Asset Price
      $ 72,000.00
    • Sourcing Fee (10%)
      $ 9,016.23
    • Initial Maintenance Reserve
      $ 2,300.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 90,166.23
    • Rounding Difference
      - $ 3.93
  • Expected Income

    9.65%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,185
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-20265-EVERGREEN-RD-DETROIT-MI
  • Total Tokens

    1790

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024
  • Issuer

    RealToken International 20265 Evergreen Rd Inc
  • Min. Investment Amount

    $50.37
  • Max. Investment Amount

    $90,162.30
  • Amount Raised

    $90,162.30
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Modern Living

Welcome to 20265 Evergreen, a single-family home located in Detroit’s Evergreen-Lasher neighborhood. This inviting residence features 3 bedrooms, 1 bathroom, and 1,185 square feet of living space on a 4,356 square-foot lot. Designed for comfort and functionality, 20265 Evergreen is an ideal home for families seeking a serene living environment.

A Vibrant Neighborhood

The Evergreen-Lasher neighborhood boasts a variety of amenities and points of interest. Residents can enjoy outdoor activities at Tuttle Playground Park, and students benefit from the proximity to Henry Ford High School. The Corpus Christi Catholic Church offers a place for spiritual growth and community gatherings. These local amenities contribute to a well-rounded and vibrant living experience.

Strategic Opportunity

This property is located near other RealT holdings, including 14176 Plainview and 9336 Patton. The close proximity of these properties allows for efficient resource sharing and streamlined operations, enhancing overall investment efficiency and profitability. With an expected yearly income of 9.65%, a listing amount of $90,162.30, and a renovation budget of $4,000, 20265 Evergreen Rd presents a compelling investment opportunity.

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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