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5250 Philip Ave, Maple Heights, OH 44137

View Smart Contracts: Eth xDai

Total Investment: $ 102,725.50

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

    9.61%

    Not including capital appreciation

  • Income Start Date

    April 1, 2024
  • Income per Token

    $ 4.81 / year
  • Token Price

    $ 50.11
  • Total Tokens

    2,050

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

    5250 Philip Ave, Maple Heights, OH 44137
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Maple Heights
  • Construction Year

    1926
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 15,900.00
  • Gross Income / month

    $ 1,325.00
  • Monthly Costs

    - $ 502.50
    • Property Management (8.00%)
      - $ 106.00
    • RealT Platform (2.00%)
      - $ 26.50
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 175.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 822.50
  • Net Income / year

    $ 9,870.00
  • Total Investment

    $ 102,725.50
    • Underlying Asset Price
      $ 83,000.00
    • Sourcing Fee (10%)
      $ 10,272.55
    • Initial Maintenance Reserve
      $ 2,650.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 102,722.55
    • Rounding Difference
      $ 2.95
  • Expected Income

    9.61%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Aluminium / Vinyl
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,320
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes / Partial

Blockchain

  • Identifier

    REALTOKEN-S-5250-PHILIP-AVE-MAPLE-HEIGHTS-OH
  • Total Tokens

    2050

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 5250 Philip Ave Inc
  • Min. Investment Amount

    $50.11
  • Max. Investment Amount

    $102,725.50
  • Amount Raised

    $102,725.50
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Charming Gem in Maple Heights

Venture to Maple Heights, Ohio and discover 5250 Philip, a distinctive two-story single-family residence with a detached one-car garage, located conveniently close to other RealT’s offerings. This adorable, well-connected property offers a comfortable living space of 3 bedrooms and 1 bathroom, totaling 1,320 square feet on a spacious 5,227 square-foot lot.

Cleveland’s Park Heaven

Situated in the Maple Heights suburb of Cleveland, residents benefit from a robust parks system, encompassing over 40 acres of active and passive spaces, including access to Cleveland Metroparks and the nearby Cuyahoga Valley National Park. Strategically positioned just 9 miles from both downtown Cleveland and the University Circle employment hubs, Maple Heights ensures optimal access to Interstate Highways I-480, 271, and 77. Additionally, the active shopping centers in Maple Heights offer a diverse range of locally owned shops and eateries for residents and visitors to explore.

Solid Returns

Token-holders can anticipate a steady 9.61% rental income from this property, acquired for $83,000. The listing price incorporates a $4,000 renovation budget, covering essential upgrades such as painting, roof and siding maintenance, as well as addressing deferred maintenance. This property presents a promising investment prospect and aligns with RealT’s growth strategy, designed to maximize economies of scale for investors in Ohio.

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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