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2950-2952 Monterey St, Detroit, MI 48206

Total Investment: $175,000.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Yield

    11.69%
  • Rent Start Date

    2021-09-06
  • Rent per Token

    $5.85 / year
  • Token Price

    $50.00
  • Total Tokens

    3,500
  • Property Type

    Multi Family
  • Construction Year

    1922
  • Neighborhood

    Dexter-Linwood
  • Square Feet

    4,838
  • Lot Size

    6,534
  • Bedroom/Bath

    4x2 Bed, 4x1 Bath
  • Total Units

    4 Units
  • Section 8?

    No

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple 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.

Financials

  • Gross Rent / year

    $27,000.00
  • Gross Rent / month

    $2,250.00
  • Monthly Costs

    - $545.00
    • Property Management (8.00%)
      - $180.00
    • RealT Platform (2.00%)
      - $45.00
    • Maintenance Expenses
      - $50.00
    • Property Taxes
      - $200.00
    • Insurance
      - $70.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $1,705.00
  • Net Rent / year

    $20,460.00
  • Total Investment

    $175,000.00
    • Underlying Asset Price
      $153,000.00
    • RealT Listing Fee (10%)
      $17,500.00
    • Initial Maintenance Reserve
      $4,500.00
  • Expected Yield

    11.69%

Maintenance Reserve

About the Property

This 8-bedroom, 4-bath gem of a multi-family home is located in a quiet but trending neighborhood. Monterey welcomes in lots of sunlight with its oversized windows, and tenants can access the second floor deck to enjoy the peace and quiet. And next door, neighbors can enjoy fruit and herbs from a bustling urban farm.

Many residents in this neighborhood are improving their homes and properties. Detroit has seen the highest rate in the nation of millennials moving in over the last decade, according to the Detroit Chamber. Millennials and Generation Z now make up 38% of the population. This trend promises to continue to improve neighborhoods, property values, and rents in the years to come.

Map

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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