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4478 Lillibridge St, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 73,239.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.21%

    Not including capital appreciation

  • Income Start Date

    July 15, 2024
  • Income per Token

    $ 4.65 / year
  • Token Price

    $ 50.51
  • Total Tokens

    1,450

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

    4478 Lillibridge St, Detroit, MI 48214
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    West End
  • Construction Year

    2000
  • Bedroom/Bath

    3 Beds / 1.5 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 12,360.00
  • Gross Income / month

    $ 1,030.00
  • Monthly Costs

    - $ 468.00
    • Property Management (8.00%)
      - $ 82.40
    • RealT Platform (2.00%)
      - $ 20.60
    • Property Taxes
      - $ 165.00
    • Insurance
      - $ 80.00
    • Utilities
      - $ 120.00
  • Net Income / month

    $ 562.00
  • Net Income / year

    $ 6,744.00
  • Total Investment

    $ 73,239.50
    • Underlying Asset Price
      $ 58,000.00
    • Sourcing Fee (10%)
      $ 7,323.95
    • Initial Maintenance Reserve
      $ 2,060.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 73,233.95
    • Rounding Difference
      $ 5.55
  • Expected Income

    9.21%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,093
  • Foundation

    Masonry
  • Exterior Walls

    Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,464
  • Heating

    Forced Heat & Cool
  • Cooling

    Central / Gas
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-4478-LILLIBRIDGE-ST-DETROIT-MI
  • Total Tokens

    1450

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024
  • Issuer

    RealToken International 4478 Lillibridge St Inc
  • Min. Investment Amount

    $50.51
  • Max. Investment Amount

    $73,239.50
  • Amount Raised

    $73,239.50
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Ideal Family Living

Welcome to 4478 Lillibridge, a delightful single-family residence featuring 3 bedrooms and 1.5 bathrooms. This home is positioned near Brewer Park, The Apostle Paul MBC, and the esteemed Barack Obama Leadership Academy, where a curriculum focused on high standards, research-based instruction, and horizon-broadening enrichment activities prepares students for success in a rapidly-changing world.

Explore West End

The West End neighborhood is an evolving residential area on Detroit’s east side. With a mix of bungalows and Colonial Revival houses, this neighborhood enjoys both historical charm and modern convenience. While primarily residential, West End provides easy access to industrial and commercial areas, including nearby Stellantis plants and shopping centers along Conner Street, ensuring residents have access to employment opportunities and essential amenities.

Portfolio Synergy

4478 Lillibridge offers an expected yearly income of 9.21%. Acquired for $58,000, this home also comes with a renovation budget of $3,000 for any deferred maintenance. We aim to achieve economies of scale and maximize returns through our concentric circle strategy in the area, including current properties such as 4422 Lillibridge, 4444 Lillibridge, and 4448 Lillibridge.

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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