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7913 Faith Ln, Montgomery, AL 36117

View Smart Contracts: Eth Gnosis

Total Investment: $ 323,020.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    7.35%

    Not including capital appreciation

  • Income per Token

    $ 3.83 / year
  • Income Start Date

    January 15, 2024
  • Token Price

    $ 52.10
  • Total Tokens

    6,200

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

    7913 Faith Ln, Montgomery, AL 36117
  • Country

    USA
  • Source

    Roofstock
  • Neighborhood

    Ryan Ridge
  • Construction Year

    2017
  • Bedroom/Bath

    3 Beds / 2 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 31,200.00
  • Gross Rent / month

    $ 2,600.00
  • Monthly Costs

    - $ 622.00
    • Property Management (8.00%)
      - $ 208.00
    • RealT Platform (2.00%)
      - $ 52.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 180.00
    • Insurance
      - $ 62.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 1,978.00
  • Net Rent / year

    $ 23,736.00
  • Total Investment

    $ 323,020.00
    • Underlying Asset Price
      $ 285,000.00
    • Sourcing Fee (8%)
      $ 25,843.48
    • Initial Maintenance Reserve
      $ 5,200.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,000.00
    • Miscellaneous Costs
      $ 2,000.00
    • Unrounded Listing Price
      $ 323,043.48
    • Rounding Difference
      - $ 23.48
  • Expected Income

    7.35%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,499
  • Foundation

    Slab
  • Exterior Walls

    Brick / HardiPlank Type Vinyl Siding
  • Roof Type

    Composition Shingles
  • Interior Size (sqft)

    1,808
  • Heating

    Central , Gas
  • Cooling

    Central Air, Electric
  • Building Class

    B
  • Renovated

    Yes
  • Property Manager

    Hemlane

Blockchain

  • Identifier

    REALTOKEN-S-7913-FAITH-LN-MONTGOMERY-AL
  • Total Tokens

    6200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 17, 2023
  • Issuer

    RealToken International 7913 Faith Ln Inc
  • Min. Investment Amount

    $52.10
  • Max. Investment Amount

    $323,020.00
  • Amount Raised

    $323,020.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

7913 Faith

7913 Faith is a charming single-family residence in the heart of Montgomery’s picturesque Ryan Ridge neighborhood. Completely renovated and fully equipped with central heating and cooling, this lovely 3-bedroom, 2-bathroom home was built in 2017. It has 1,808 square feet of living area, on a large 6,499 lot, and the master suite enjoys a spacious walk-in shower and a separate soaking tub for relaxation, as well as a large walk-in closet for plenty of storage and organization space.

This home features a welcoming open floor plan that makes the home feel broad, maximizing space and natural light and providing an ideal mood for both peaceful relaxation and vibrant entertaining. The modern and renovated island kitchen is well-equipped and opens freely to the dining area, making it an excellent setting for family meals.

RealT continues to grow in concentric circles to maximize economies of scale in Alabama! This property is our new addition in Montgomery, the home of 8034 Faith, 8106 Faith, and 5733 Neely, all of which were sourced by Roofstock for the RealT community. This proven strategy allows us to optimize maintenance costs and collectively enhance property values, just as we have done in Michigan.

This property presents an attractive expected rental income of 7.35% for investors, and was acquired at the good price of $285,000. Its listing price includes a $3,000 renovation budget for deferred maintenance intended to ensure returns for years to come.

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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