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2931 Dickerson Ave, Detroit, MI 48215

View Smart Contracts: Eth xDai

Total Investment: $ 107,228.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.48%

    Not including capital appreciation

  • Income Start Date

    August 1, 2024
  • Income per Token

    $ 4.62 / year
  • Token Price

    $ 48.74
  • Total Tokens

    2,200

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

    2931 Dickerson Ave, Detroit, MI 48215
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Riverbend
  • Construction Year

    1923
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 15,960.00
  • Gross Income / month

    $ 1,330.00
  • Monthly Costs

    - $ 483.00
    • Property Management (8.00%)
      - $ 106.40
    • RealT Platform (2.00%)
      - $ 26.60
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 847.00
  • Net Income / year

    $ 10,164.00
  • Total Investment

    $ 107,228.00
    • Underlying Asset Price
      $ 75,000.00
    • Sourcing Fee (10%)
      $ 10,722.80
    • Initial Maintenance Reserve
      $ 2,660.00
    • Initial Renovation Reserve
      $ 16,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 107,232.80
    • Rounding Difference
      - $ 4.80
  • Expected Income

    9.48%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,492
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-2931-DICKERSON-AVE-DETROIT-MI
  • Total Tokens

    2200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 24, 2024
  • Issuer

    RealToken International 2391 Dickerson Ave Inc
  • Min. Investment Amount

    $48.74
  • Max. Investment Amount

    $107,228.00
  • Amount Raised

    $107,228.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Secure and Sturdy

Introducing 2931 Dickerson, a colonial two-story brick single-family residence located in the Riverbend neighborhood. This home includes 3 spacious bedrooms and 1 bathroom. Dickerson offers a welcoming and secure atmosphere, enhanced by its closeness to the Detroit Police Department’s 5th Precinct. With its sturdy brick construction and timeless design, Dickerson stands out as a prime opportunity for investment.

Community Resources

Riverbend showcases a diverse mix of housing styles, from historic brick homes dating back to the 1920s to contemporary constructions. The neighborhood’s layout includes apartments, townhouses, duplexes, and single-family homes, all set back from the sidewalks with modest front lawns. This area, home to just over 1,000 residences, is experiencing a resurgence, supported by initiatives such as the urban orchard of apple trees planted by Wolverine Human Services. Nearby amenities include Algonquin-Goethe Playground and John S. Vitale Community Center, which offer residents easy access to recreational and community resources. The local farmer’s market on East Warren Avenue and the small playground on Goethe Street add to the neighborhood’s appeal, providing accessible spots for fresh produce and community gatherings.

Valuable Investment

Dickerson offers an expected income of 9.48%. The home was acquired for $75,000, and a dedicated renovation budget of $16,000 is set aside for painting, gardening, and deferred maintenance to maintain the property’s value. Conveniently located near the US/Canada border and just 7 miles from downtown Detroit, 2931 Dickerson offers suburban tranquility and a worthy investment.

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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