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857 E 222nd St, Euclid, OH 44123

View Smart Contracts: Eth xDai

Total Investment: $ 110,660.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.65%

    Not including capital appreciation

  • Income Start Date

    April 1, 2024
  • Income per Token

    $ 4.85 / year
  • Token Price

    $ 50.30
  • Total Tokens

    2,200

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

    857 E 222nd St, Euclid, OH 44123
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Euclid
  • Construction Year

    1922
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 16,800.00
  • Gross Income / month

    $ 1,400.00
  • Monthly Costs

    - $ 510.00
    • Property Management (8.00%)
      - $ 112.00
    • RealT Platform (2.00%)
      - $ 28.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 175.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 890.00
  • Net Income / year

    $ 10,680.00
  • Total Investment

    $ 110,660.00
    • Underlying Asset Price
      $ 92,000.00
    • Sourcing Fee (10%)
      $ 11,066.00
    • Initial Maintenance Reserve
      $ 2,800.00
    • Initial Renovation Reserve
      $ 2,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 110,666.00
    • Rounding Difference
      - $ 6.00
  • Expected Income

    9.65%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,800
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,580
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-857-E-222ND-ST-EUCLID-OH
  • Total Tokens

    2200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 857 E 222nd St Inc
  • Min. Investment Amount

    $50.30
  • Max. Investment Amount

    $110,660.00
  • Amount Raised

    $110,660.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Rare Charm in Euclid

Nestled on a 4,800 square-foot lot, 857 E 222nd is a distinctive two-story single-family residence consisting of 3 bedrooms and 1 bathroom in 1,580 square feet of living space. Closely located by Imani North Church of Christ and the Euclid Fire Department, tenants benefit from the proximity to essential community amenities.

History, Revitalized

Situated in the Euclid suburb of Cleveland, Ohio, 857 E 222nd sits amid a rich history. Once a major downtown street, Euclid Ave traces the historic Lake Shore Trail, initially laid out by Cleveland village trustees. Over a century ago, the splendor of Euclid Ave was marked by the mansions of the affluent, and today, the landscape has evolved into a blend of old skyscrapers repurposed as apartments and emerging new developments. New apartments and restaurants have become the focal points of its revitalization.

Investment Potential in Ohio

857 E 222nd offers an expected rental income of 9.65%. Acquired at a reasonable price of $92,000, this property stands as a tempting investment in the evolving Euclid area. The listing price includes a $2,000 renovation budget, covering entry enhancements, painting, and minor repairs.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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