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3784 Seneca St, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 62,612.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.36%

    Not including capital appreciation

  • Rent per Token

    $ 4.69 / year

  • Rent Start Date

    March 12, 2023

  • Token Price

    $ 50.09

  • Total Tokens

    1,250

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

    3784 Seneca St, Detroit, MI 48214

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Pingree Park

  • Construction Year

    2007

  • Stories

    2 Stories

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 42

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 8,688.00

  • Gross Rent / month

    $ 724.00

  • Monthly Costs

    - $ 235.40
    • Property Management (8.00%)
      - $ 57.92
    • RealT Platform (2.00%)
      - $ 14.48
    • Maintenance Expenses
      - $ 100.00
    • Property Taxes
      - $ 13.00
    • Insurance
      - $ 50.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 488.60

  • Net Rent / year

    $ 5,863.20

  • Total Investment

    $ 62,612.50
    • Underlying Asset Price
      $ 54,000.00
    • Operating Expense Reimbursement (10%)
      $ 6,260.89
    • Initial Maintenance Reserve
      $ 1,448.00
    • Initial Renovation Reserve
      $ 500.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 62,608.89
    • Rounding Difference
      $ 3.61

  • Expected Income

    9.36%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Foundation

    Poured Concrete

  • Exterior Walls

    Brick & Siding

  • Roof Type

    Asphalt

  • Parking

    Attached Garage

  • Interior Size (sqft)

    1,344

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Well-maintained

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-3784-SENECA-ST-DETROIT-MI

  • Total Tokens

    1250

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 23, 2023

  • Issuer

    RealToken International 3784 Seneca St Inc

  • Min. Investment Amount

    $50.09

  • Max. Investment Amount

    $62,612.50

  • Amount Raised

    $62,612.50

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

3784 Seneca

This property is part of the same package as the other 3 SFR Portfolio groups we tokenized during the month of February. As you can see on the map, Seneca is just southwest of Rohns street. If you prefer to invest in single properties, Seneca allows you to take advantage of our concentric circle strategy and the economies of scale generated by our other offerings in the area.

Seneca is part of the same package as our SFR Portfolios, and therefore enjoys the same benefits:

  • Built in 2006-2007
  • Has an attached garage
  • Enjoys a tax benefit
  • Rent is 100% paid by Section 42

This Single Family Rental is well-maintained, so we have allocated a maintenance reserve of $1,448 and a renovation budget of only $500. We expect Seneca to provide a consistent annual rental income of 9.36%.

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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