9336 Patton St, Detroit, MI 48228

Asset Price: $62,700.00

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Property Highlights

  • Expected Yield

    10.25%
  • Rent per Token

    $6.42 / year
  • Token Price

    $62.70
  • Total Tokens

    1,000
  • Property Type

    Single Family
  • Square Feet

    850
  • Bedroom/Bath

    3 Bed. / 1 Bath

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple 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.

Financials

  • Gross Rent / year

    $9,300.00
  • Gross Rent / month

    $775.00
  • Monthly Costs

    - $239.59
    • Property Management (8.00%)
      - $62.00
    • RealT Platform (2.00%)
      - $15.50
    • Property Taxes
      - $107.92
    • Insurance
      - $54.17
    • Utilities
      Tenant-paid
  • Net Rent / month

    $535.41
  • Net Rent / year

    $6,424.92
  • Asset Price

    $62,700.00
  • Expected Yield

    10.25%

Maintenance Reserve

About the Property

9336 Patton Street is a single-family home located in the Franklin Park neighborhood of the greater Detroit area. Patton is a mid-century 3 bed, 1 bath, single floor property. Patton is local to a number of community churches, as well as up the street from the Dearborn campus of the University of Michigan.

Just three blocks away from Patton is Rouge Park, a 1,200 acre park that is 40% larger than New York’s Central Park! The park has more than a dozen amenities that are completely unique to Detroit, such as the only Michigan Mountain Biking Association trail in Wayne County, an archery range, and the 15-acre tall-grass prairie with an ecosystem that supports butterflies and other wildlife.

The Franklin Park neighborhood is a blue-collar area where the resurgence of the automobile industry has positively impacted the local housing market.

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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.