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8744 Homer St, Detroit, MI 48209

View Smart Contracts: Eth Gnosis

Total Investment: $ 63,609.00

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

    0.00% Not Rented

    Not including capital appreciation

  • Income per Token

    $ 0.00 / year
  • Income Start Date

    November 28, 2022
  • Token Price

    $ 48.93
  • Total Tokens


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

    8744 Homer St, Detroit, MI 48209
  • Country

  • Source

  • Neighborhood

  • Construction Year

  • Stories

    1 Stories
  • Bedroom/Bath

    3x1 Bed / 1 Bath
  • Rental Type

  • Rented?

  • Rent Subsidy?


Property Financials

  • Gross Rent / year

    $ 0.00
  • Gross Rent / month

    Not Rented $ 0.00
  • Monthly Costs

    - $ 300.00
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 40.00
    • Utilities
  • Net Rent / month

    $ 0.00
  • Net Rent / year

    $ 0.00
  • Total Investment

    $ 63,609.00
    • Underlying Asset Price
      $ 53,000.00
    • Sourcing Fee (10%)
      $ 6,360.67
    • Initial Maintenance Reserve
      $ 1,846.00
    • Initial Renovation Reserve
      $ 2,000.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 63,606.67
    • Rounding Difference
      $ 2.33
  • Expected Income

    Not Rented 0.00%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

    Wood Siding
  • Roof Type

  • Parking

    1 Detached Garage
  • Interior Size (sqft)

  • Heating

    Forced Air / Gas
  • Cooling

  • Building Class

  • Renovated

  • Property Manager

    Mutual Property Management LLC


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    October 27, 2022
  • Issuer

    RealToken International 8744 Homer St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

8744 Homer

This single family home is located in the southwestern part of Detroit where RealT currently has a small presence. Homer is conveniently located near the Patton Recreation Center park and a church, which is reassuring for single moms with children. It also sits close to Dearborn, where a large part of Michigan’s Muslim community lives. The area has one of the largest mosques in the United States!

Like RealT, this community is growing rapidly in concentric circles, resulting in very few properties for sale in the area. This high demand means that we expect an interesting improvement in valuation of this property through the years.


Property Records

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Why Detroit?


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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