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5933 Moran St, Detroit, MI 48211

View Smart Contracts: Eth Gnosis

Total Investment: $ 70,784.00

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

    9.62%

    Not including capital appreciation

  • Income per Token

    $ 4.86 / year
  • Income Start Date

    April 15, 2024
  • Token Price

    $ 50.56
  • Total Tokens

    1,400

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

    5933 Moran St, Detroit, MI 48211
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Poletown East
  • Construction Year

    1906
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,100.00
  • Gross Rent / month

    $ 925.00
  • Monthly Costs

    - $ 357.50
    • Property Management (8.00%)
      - $ 74.00
    • RealT Platform (2.00%)
      - $ 18.50
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 70.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 567.50
  • Net Rent / year

    $ 6,810.00
  • Total Investment

    $ 70,784.00
    • Underlying Asset Price
      $ 56,000.00
    • Sourcing Fee (10%)
      $ 7,078.40
    • Initial Maintenance Reserve
      $ 1,850.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 70,778.40
    • Rounding Difference
      $ 5.60
  • Expected Income

    9.62%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,615
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,162
  • Heating

    Gas / Forced Air w/ Ducts
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-5933-MORAN-ST-DETROIT-MI
  • Total Tokens

    1400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 16, 2024
  • Issuer

    RealToken International 5933 Moran St Inc
  • Min. Investment Amount

    $50.56
  • Max. Investment Amount

    $70,784.00
  • Amount Raised

    $70,784.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Suburban Color

5933 Moran, an incredibly pink (!) single-family residence in the historic Poletown East neighborhood, is a tranquil 3-bedroom, 1-bathroom home enclosed by a fence and topped with a tall roof. The property is located conveniently near green spaces like Lucky Place Park, providing residents with easy access to nature, and sits near Regeneration Church for access to community events.

Historic Polish Neighborhood

Originally named for its role as a focal point for Detroit’s sizable Polish population, Poletown reflects a rich cultural past, even though many Polish residents have relocated to nearby Hamtramck and other suburbs. Wandering through the streets of Poletown East, one encounters a tapestry of classic colonial and Victorian-style residences constructed predominantly between the 1890s and 1910s.

Operational Efficiency in One Block

Token-holders can anticipate a 9.62% expected rental income from Moran, which was acquired for an excellent $67,000. The listing price includes a $3,000 renovation budget for roof fixes, entry upgrades, and deferred maintenance. Moran’s location aligns with RealT’s economies-of-scale approach because RealT owns many properties on the same block, such as 5837 Moran, 3514 Medbury, and 3406 Medbury, which facilitates cost-effective maintenance for token-holders, optimizing overall operational efficiency for long-term investment value.

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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