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5733 Neely Ln, Montgomery, AL 36116

View Smart Contracts: Eth Gnosis

Total Investment: $ 210,528.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    7.28%

    Not including capital appreciation

  • Income per Token

    $ 3.56 / year
  • Income Start Date

    December 1, 2023
  • Token Price

    $ 48.96
  • Total Tokens

    4,300

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

    5733 Neely Ln, Montgomery, AL 36116
  • Country

    USA
  • Source

    Roofstock
  • Neighborhood

    Fairfield
  • Construction Year

    1991
  • Bedroom/Bath

    3 Beds / 2 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 20,280.00
  • Gross Rent / month

    $ 1,690.00
  • Monthly Costs

    - $ 413.00
    • Property Management (8.00%)
      - $ 135.20
    • RealT Platform (2.00%)
      - $ 33.80
    • Maintenance Expenses
      - $ 60.00
    • Property Taxes
      - $ 127.00
    • Insurance
      - $ 57.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 1,277.00
  • Net Rent / year

    $ 15,324.00
  • Total Investment

    $ 210,528.00
    • Underlying Asset Price
      $ 187,000.00
    • Sourcing Fee (8%)
      $ 16,841.74
    • Initial Maintenance Reserve
      $ 3,380.00
    • Initial Renovation Reserve
      $ 1,000.00
    • Administrative Fees
      $ 2,000.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 210,521.74
    • Rounding Difference
      $ 6.26
  • Expected Income

    7.28%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    9,147
  • Foundation

    Slab
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,645
  • Heating

    Central, Gas
  • Cooling

    Central Air
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    Hemlane

Blockchain

  • Identifier

    REALTOKEN-S-5733-NEELY-LN-MONTGOMERY-AL
  • Total Tokens

    4300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 19, 2023
  • Issuer

    RealToken International 5733 Neely Ln Inc
  • Min. Investment Amount

    $48.96
  • Max. Investment Amount

    $210,528.00
  • Amount Raised

    $210,528.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

 

5733 Neely Ln

5733 Neely Ln is a charming, single-family residence in the heart of Montgomery’s picturesque Fairfield neighborhood. Completely renovated and fully equipped with central heating and cooling, this 3-bedroom, 2-full bathroom house offers a comfortable, functional, and aesthetically pleasing layout in a spacious 1,645 square feet.

In the peaceful area of Neely Ln, you’ll find a selection of churches, high schools, middle schools, primary schools, and even a tennis center. Lakes surround the neighborhood, and a nearby assisted living home adds to the tranquility.

We have to mention that this property is in the same city as 8106 Faith Ct, another offering from our partner Roofstock. This proximity allows us to leverage the benefits of our economy-of-scale strategy, optimizing maintenance costs and collectively enhancing property values for both locations.

With an expected rental income of 7.28%, an asset price of $187,000.00, and a renovation budget of $1,000 for minor enhancements, this property represents a value of $113.68 per square foot. The token price is just $48.96, making for an attractive long-term investment.

Map

Property Records

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Why Montgomery?

Invest Right

Montgomery is a city with a captivating historical vibe, being a key spot in the Civil Rights Movement. The second-largest city in Alabama, Montgomery is also a significant hub for students, with over 11,400 enrolled at local universities, all of whom contribute to the substantial renter population. In addition, Montgomery has been experiencing notable population growth, and wages have increased by 14%, with a 2% increase annually. The local military base, Maxwell Air Force Base, also brings a reliable flow of potential renters.

This city’s tourism and hospitality industries offer diverse real estate investment opportunities, generating over $1.9 million in daily revenue from visitors. Montgomery stands not only as a city with a rich past but also as an evolving market for real estate investment.

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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