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6515-6517 Boxwood St, Detroit, MI 48210

View Smart Contracts: Eth Gnosis

Total Investment: $ 133,666.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.03%

    Not including capital appreciation

  • Income per Token

    $ 5.06 / year

  • Income Start Date

    February 18, 2024

  • Token Price

    $ 50.44

  • Total Tokens

    2,650

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

    Duplex

  • Full Address

    6515-6517 Boxwood St, Detroit, MI 48210

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Midwest

  • Construction Year

    1917

  • Total Units

    2 Units

  • Bedroom/Bath

    2x3 Beds / 2x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 21,000.00

  • Gross Rent / month

    $ 1,750.00

  • Monthly Costs

    - $ 633.00
    • Property Management (8.00%)
      - $ 140.00
    • RealT Platform (2.00%)
      - $ 35.00
    • Maintenance Expenses
      - $ 220.00
    • Property Taxes
      - $ 108.00
    • Insurance
      - $ 130.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 1,117.00

  • Net Rent / year

    $ 13,404.00

  • Total Investment

    $ 133,666.00
    • Underlying Asset Price
      $ 94,000.00
    • Sourcing Fee (10%)
      $ 13,366.67
    • Initial Maintenance Reserve
      $ 3,500.00
    • Initial Renovation Reserve
      $ 20,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 133,666.67
    • Rounding Difference
      - $ 0.67

  • Expected Income

    10.03%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,224

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    2,212

  • Heating

    Forced Air w/o Ducts

  • Building Class

    C

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-6515-6517-BOXWOOD-ST-DETROIT-MI

  • Total Tokens

    2650

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    December 20, 2023

  • Issuer

    RealToken International 6515-6517 Boxwood St Inc

  • Min. Investment Amount

    $50.44

  • Max. Investment Amount

    $133,666.00

  • Amount Raised

    $133,666.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

6515-6517 Boxwood

Welcome to the Midwest neighborhood of Detroit.  6515-6517 Boxwood is a 2-story duplex with an attic, offering 3 bedrooms and 1 bathroom in each unit. This property comprises a living area of 2,212 square feet and is situated on a lot of 3,223 square feet. Residents of Boxwood enjoy a tranquil suburban atmosphere, with nearby local amenities such as restaurants, coffee shops, and parks. Several points of interest in the vicinity include Aijalon Baptist Church, Sampson-Webber Leadership Academy, and the Greater Apostolic Church, enhancing the diverse offerings of this community.

Located strategically near many of our properties, Boxwood represents RealT’s commitment to a collective investment strategy. This approach ensures token-holders benefit from reduced maintenance expenses and potential increases in nearby property values, aligning with RealT’s growth strategy focused on maximizing economies of scale.

Token-holders can anticipate a 10.03% expected rental income from this duplex. The property was acquired for a competitive $94,000, presenting an appealing entry point for those seeking a sound investment with growth potential. The listing price also includes a $20,000 renovation budget, covering essential upgrades such as roof and balcony maintenance, brick painting, gutter fixes and gardening work. In addition, the house next door is currently undergoing demolition, which will provide more green areas to this property. Take advantage of this strategically-positioned new investment in the Midwest neighborhood!

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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