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4456 Fairview St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 66,469.00

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

    9.19%

    Not including capital appreciation

  • Income per Token

    $ 4.70 / year
  • Income Start Date

    August 1, 2023
  • Token Price

    $ 51.13
  • Total Tokens

    1,300

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

    4456 Fairview St, Detroit, MI 48214
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    West End
  • Construction Year

    2000
  • Bedroom/Bath

    3 Bed / 2 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,920.00
  • Gross Rent / month

    $ 910.00
  • Monthly Costs

    - $ 401.00
    • Property Management (8.00%)
      - $ 72.80
    • RealT Platform (2.00%)
      - $ 18.20
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 40.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 509.00
  • Net Rent / year

    $ 6,108.00
  • Total Investment

    $ 66,469.00
    • Underlying Asset Price
      $ 54,000.00
    • Sourcing Fee (10%)
      $ 6,646.67
    • Initial Maintenance Reserve
      $ 1,820.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 66,466.67
    • Rounding Difference
      $ 2.33
  • Expected Income

    9.19%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,120
  • Foundation

    Masonry
  • Exterior Walls

    Siding / brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,386
  • Heating

    Forced Air w/ Ducts, Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Well maintained
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-4456-FAIRVIEW-ST-DETROIT-MI
  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    July 11, 2023
  • Issuer

    RealToken International 4456 Fairview St Inc
  • Min. Investment Amount

    $51.13
  • Max. Investment Amount

    $66,469.00
  • Amount Raised

    $66,469.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

4456 Fairview

4456 Fairview is a single-family residence located in Detroit’s West End neighborhood. Built in 2000, this home enjoys a 6,120 sq feet lot and offers a generous total living area of 1,386 sq feet. It has 3 bedrooms and 2 bathrooms, perfect for a family. The roof is durable asphalt, while the exterior cladding is brick veneer for a touch of class. The foundation is masonry, and the heating system is ducted forced air powered by natural gas.

One of the advantages of Fairview’s location is its proximity to various amenities. The area is surrounded by playfields, a grocery store, and an aquatic park, and it offers easy access to the highway, providing convenience and entertainment options for residents.

In the surrounding area, RealT has gained a significant presence, with properties such as Conner, Navahoe, Tennessee, Montclair, Kitchener, and Harding, which nicely reinforces our concentric circle strategy to create economies of scale in the area.

We expect Fairview to generate a stable rental income of 9.19%.

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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