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4407 McClellan, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 62,587.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income


    Not including capital appreciation

  • Rent per Token

    $ 4.63 / year
  • Rent Start Date

    March 12, 2023
  • Token Price

    $ 50.07
  • Total Tokens


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

    4407 McClellan, Detroit, MI 48214
  • Country

  • Source

  • Neighborhood

    Gratiot Woods
  • Construction Year

  • Stories

    2.5 Stories
  • Bedroom/Bath

    3 Beds / 1.5 Baths
  • Rental Type

  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 42
  • Rent Subsidy Pays...


Property Financials

  • Gross Rent / year

    $ 8,604.00
  • Gross Rent / month

    $ 717.00
  • Monthly Costs

    - $ 234.70
    • Property Management (8.00%)
      - $ 57.36
    • RealT Platform (2.00%)
      - $ 14.34
    • Maintenance Expenses
      - $ 100.00
    • Property Taxes
      - $ 13.00
    • Insurance
      - $ 50.00
    • Utilities
  • Net Rent / month

    $ 482.30
  • Net Rent / year

    $ 5,787.60
  • Total Investment

    $ 62,587.50
    • Underlying Asset Price
      $ 54,000.00
    • Operating Expense Reimbursement (10%)
      $ 6,259.33
    • Initial Maintenance Reserve
      $ 1,434.00
    • Initial Renovation Reserve
      $ 500.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 62,593.33
    • Rounding Difference
      - $ 5.83
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

    Poured Concrete
  • Exterior Walls

  • Roof Type

  • Parking

    Attached Garage
  • Interior Size (sqft)

  • Heating

    Forced Air
  • Cooling

  • Building Class

  • Renovated

    Very well-maintained
  • Property Manager

    Mutual Property Management LLC


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    March 2, 2023
  • Issuer

    Realtoken International 4407 McClellan Ave Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

4407 McClellan

Together with 3851 McClellan and 4101 McClellan, this single-family rental is part of the same package as the three holding portfolios we tokenized during the month of February (Holcomb, Rohns, and Belvidere). As you can see on the map, McClellan is the street right next to Belvidere. These separate single-family offerings allow you to take advantage of RealT’s concentric circle strategy and the economies of scale generated by the proximity of our other offerings.

The expected rental incomes for these properties are very similar: 9.25% for 4407 McClellan, 9.33% for 3851 McClellan, and 9.30% for 4101 McClellan. They were sold by the same person as the nearby holding portfolios, and therefore enjoy the same benefits:

  • They were built in 2006-2007
  • They each have an attached garage
  • They have a tax benefit
  • Their rent is 100% paid by Section 42


Property Records

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Why Detroit?


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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