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4638 Blythin Rd, Garfield Heights, OH 44125

View Smart Contracts: Eth Gnosis

Total Investment: $ 105,105.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.65%

    Not including capital appreciation

  • Income per Token

    $ 4.83 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 50.05
  • Total Tokens

    2,100

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
  • Full Address

    4638 Blythin Rd, Garfield Heights, OH 44125
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Garfield Heights
  • Construction Year

    1921
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    80%

Property Financials

  • Gross Rent / year

    $ 16,800.00
  • Gross Rent / month

    $ 1,400.00
  • Monthly Costs

    - $ 555.00
    • Property Management (8.00%)
      - $ 112.00
    • RealT Platform (2.00%)
      - $ 28.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 220.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 845.00
  • Net Rent / year

    $ 10,140.00
  • Total Investment

    $ 105,105.00
    • Underlying Asset Price
      $ 85,000.00
    • Sourcing Fee (10%)
      $ 10,510.50
    • Initial Maintenance Reserve
      $ 2,800.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 105,110.50
    • Rounding Difference
      - $ 5.50
  • Expected Income

    9.65%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,800
  • Foundation

    Masonry
  • Exterior Walls

    Aluminium / Vinyl
  • Roof Type

    Asphalt / Fiberglass
  • Interior Size (sqft)

    2,062
  • Heating

    Gas / Forced Air
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    Progressive Urban Property Management

Blockchain

  • Identifier

    REALTOKEN-S-4638-BLYTHIN-RD-GARFIELD-HEIGHTS-OH
  • Total Tokens

    2100

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 25, 2024
  • Issuer

    RealToken International 4638 Blythin Rd Inc
  • Min. Investment Amount

    $50.05
  • Max. Investment Amount

    $105,105.00
  • Amount Raised

    $105,105.00
  • Offering Percent (of Total Tokens)

    100.00%

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

About the Property

Open and Airy

4638 Blythin is a lovely vermillion 2-story single-family residence with a convenient detached 2-car garage. This home offers 3 bedrooms and 1 bathroom, with 2,123 square feet of living space on a 4,792 square-foot lot. The barn-style architecture adds a unique touch, creating an appealing residence with a focus on functionality and spacious living areas.

Tranquil Living and Scenic Views

Blythin offers a serene living environment with green scenery. The community is anchored by Garfield Park, a notable attraction that enhances the neighborhood’s appeal. With good schooling options conveniently located near transportation, residents enjoy ease of access to educational facilities. The proactive involvement of the Garfield Police Department in community events ensures a focus on safety. Additionally, Blythin is in proximity to various amenities, including Jack C. Donovan Park, Warner Girls’ Leadership Academy elementary school, and Mill Creek Falls Family Park, creating a well-rounded community experience.

Economies of Scale

4638 Blythin promises a steady expected rental income of 9.65% for token-holders. The property was acquired for $85,000, and the listing price incorporates a $4,000 renovation budget that covers essential upgrades such as painting, along with minor repairs to ensure the property remains well-maintained and appealing for tenants. Positioned strategically near other properties such as 10807 Wadsworth and 10621 Vernon, this investment aligns with RealT’s growth strategy, designed to maximize economies of scale for token-holders.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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