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4000 Taylor St, Detroit, MI 48204

View Smart Contracts: Eth xDai

Total Investment: $56,881.00

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

    11.03%

    Not including capital appreciation

  • Rent Start Date

    2021-11-15
  • Rent per Token

    $5.71 / year
  • Token Price

    $51.71
  • Total Tokens

    1,100

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
  • Construction Year

    1922
  • Neighborhood

    Petoskey-Otsego
  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $9,240.00
  • Gross Rent / month

    $770.00
  • Monthly Costs

    - $247.00
    • Property Management (8.00%)
      - $61.60
    • RealT Platform (2.00%)
      - $15.40
    • Maintenance Expenses
      - $40.00
    • Property Taxes
      - $90.00
    • Insurance
      - $40.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $523.00
  • Net Rent / year

    $6,276.00
  • Total Investment

    $56,881.00
    • Underlying Asset Price
      $48,000.00
    • RealT Listing Fee (10%)
      $5,687.78
    • Initial Maintenance Reserve
      $1,540.00
    • Miscellaneous Costs
      $1,650.00
  • Expected Income

    11.03%

    Not including capital appreciation

Property Details

  • Lot Size

    3920 sqft
  • Construction Type

    Brick
  • Roof Type

    Asphalt
  • Parking

    1 Detached Garage
  • Interior Size

    1367 sqft
  • Heating

    Gas/Forced Hot Air
  • Cooling

    None

Test Renovation content!

About the Property

4000 Taylor St. Detroit, MI

Situated on a corner lot, this 3 bedroom/1 full bath ranch-style home is newly renovated, and includes hardwood floors and a detached garage. It enjoys an alternative heating source, with a natural fireplace to help offset heating costs. Its location makes it very desirable, with easy access to major routes, local businesses, and downtown Detroit. 4000 Taylor sits in the Petoskey-Otsego neighborhood, close to several other RealT properties, which offers economies of scale in property management and maintenance.

This area is trending for quality of life and community involvement, and has a mix of homeowners and renters. Quite a few of the homes have been passed down for several generations, and when area buildings are demolished, they are converted into large, open, grassy lots that are often used for community gatherings such as playing horseshoes in the summer and building snow forts in the winter.

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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