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8565 Northlawn St, Detroit, MI 48204

View Smart Contracts: Eth Gnosis

Total Investment: $ 69,676.20

Offering Closed

This property is not currently available for purchase.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.59%

    Not including capital appreciation

  • Income per Token

    $ 4.84 / year
  • Income Start Date

    April 15, 2024
  • Token Price

    $ 50.49
  • Total Tokens

    1,380

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

    8565 Northlawn St, Detroit, MI 48204
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mackenzie
  • Construction Year

    1941
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,160.00
  • Gross Rent / month

    $ 930.00
  • Monthly Costs

    - $ 373.00
    • Property Management (8.00%)
      - $ 74.40
    • RealT Platform (2.00%)
      - $ 18.60
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 85.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 557.00
  • Net Rent / year

    $ 6,684.00
  • Total Investment

    $ 69,676.20
    • Underlying Asset Price
      $ 55,000.00
    • Sourcing Fee (10%)
      $ 6,967.62
    • Initial Maintenance Reserve
      $ 1,860.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 69,677.62
    • Rounding Difference
      - $ 1.42
  • Expected Income

    9.59%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,615
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    982
  • Heating

    Gas / Forced Air w/o Ducts
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-8565-NORTHLAWN-ST-DETROIT-MI
  • Total Tokens

    1380

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 16, 2024
  • Issuer

    RealToken International 8565 Northlawn St Inc
  • Min. Investment Amount

    $50.49
  • Max. Investment Amount

    $69,676.20
  • Amount Raised

    $69,676.20
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Smart Choice for Growing Families

Built in 1941, 8565 Northlawn is a single-family brick home offering 3 bedrooms and 1 bathroom, as well as a fireplace for extra charm, all on an ample 3,615 square-foot double lot. The property is ideally located near Barton Elementary School and Starr Commonwealth School, making this home a perfect choice for growing families.

A Thriving Neighborhood

The Mackenzie neighborhood is a thriving residential community known for its tight-knit atmosphere and rich history. Bordered by Grand River Avenue and West Chicago Street, the neighborhood offers seamless access to the I-96 highway, making it a suburban oasis with swift connectivity to downtown Detroit (just a 15-minute drive away). Mackenzie is well-known for Mackenzie High School, which has many famous graduates.

Economies of Scale

Token-holders stand to benefit from an expected rental income of 9.59%. Acquired for a reasonable $55,000, the property’s listing price includes a $3,000 renovation budget allocated for essential brick maintenance and painting, ensuring both durability and aesthetic appeal. Strategically located near other RealT properties such as 6515-6517 Boxwood, Northlawn aligns with RealT’s economies-of-scale approach to reduce operational costs for token-holders, fostering operational efficiency and potentially maximizing returns on investment.

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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