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295 E 238th St, Euclid, OH 44123

View Smart Contracts: Eth Gnosis

Total Investment: $ 120,888.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.68%

    Not including capital appreciation

  • Income per Token

    $ 4.88 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 50.37
  • Total Tokens

    2,400

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

    295 E 238th St, Euclid, OH 44123
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Euclid
  • Construction Year

    1910
  • Bedroom/Bath

    3 Beds / 1.5 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 18,000.00
  • Gross Rent / month

    $ 1,500.00
  • Monthly Costs

    - $ 525.00
    • Property Management (8.00%)
      - $ 120.00
    • RealT Platform (2.00%)
      - $ 30.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 180.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 975.00
  • Net Rent / year

    $ 11,700.00
  • Total Investment

    $ 120,888.00
    • Underlying Asset Price
      $ 100,000.00
    • Sourcing Fee (10%)
      $ 12,088.80
    • Initial Maintenance Reserve
      $ 3,000.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 120,888.80
    • Rounding Difference
      - $ 0.80
  • Expected Income

    9.68%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    9,100
  • Foundation

    Slab
  • Exterior Walls

    Aluminium / Vinyl
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,248
  • Heating

    Gas / Forced Air
  • Cooling

    AC
  • Building Class

    C
  • Renovated

    Yes / Partial

Blockchain

  • Identifier

    REALTOKEN-S-295-E-238TH-ST-EUCLID-OH
  • Total Tokens

    2400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 295 E 238th St Inc
  • Min. Investment Amount

    $50.37
  • Max. Investment Amount

    $120,888.00
  • Amount Raised

    $120,888.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Serene Home in Cleveland’s Suburbs

Check out 295 E 238th, a delightful two-story single-family residence with enchanting hardwood floors spanning 3 bedrooms and 1.5 bathrooms.  This cozy home enjoys 1,248 square feet of living space on a broad 9,100 square-foot lot, including a large private patio for relaxation. The property sits near Briardale Greens Golf Course, East Shore United Methodist Church, and Kenneth J Sims Park, offering tenants proximity to amenities and community spaces.

Exploring Euclid, a Suburb with Timeless Character

Located in the Euclid suburb of Cleveland, Ohio, 295 E 238th benefits from a rich history and a unique character. Euclid Avenue was once used by Native Americans to walk along the Lake Shore Trail, and today the area is seeing the rebirth of old skyscrapers as apartments and fresh developments, with a mix of residential and dining spots. Following RealT’s economies-of-scale strategy, this property is located near many of our Cleveland-area offerings, such as 857 E 222nd.

RealT’s Returns & Growth Strategy

Token-holders can anticipate an expected rental income of 9.68%. Acquired for a reasonable $100,000, this property also offers the potential for a steady return on capital as well. The listing price incorporates a $3,000 renovation budget, covering upgrades such as painting, entry enhancements, and roof maintenance, as well as minor repairs to ensure the comfort and happiness of the tenants.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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