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9585 Mettetal St, Detroit, MI 48227

View Smart Contracts: Eth xDai

Total Investment: $ 73,160.60

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


    Not including capital appreciation

  • Income Start Date

    June 15, 2024
  • Income per Token

    $ 4.77 / year
  • Token Price

    $ 50.11
  • 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

    9585 Mettetal St, Detroit, MI 48227
  • Country

  • Source

  • Neighborhood

  • Construction Year

  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 11,940.00
  • Gross Income / month

    $ 995.00
  • Monthly Costs

    - $ 414.50
    • Property Management (8.00%)
      - $ 79.60
    • RealT Platform (2.00%)
      - $ 19.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 115.00
    • Insurance
      - $ 80.00
    • Utilities
  • Net Income / month

    $ 580.50
  • Net Income / year

    $ 6,966.00
  • Total Investment

    $ 73,160.60
    • Underlying Asset Price
      $ 56,000.00
    • Sourcing Fee (10%)
      $ 7,316.06
    • Initial Maintenance Reserve
      $ 1,990.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 73,156.06
    • Rounding Difference
      $ 4.54
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Gas / Forced Air w/ Ducts
  • Building Class

  • Renovated



  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    April 19, 2024
  • Issuer

    RealToken International 9585 Mettetal St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

Charming Brick Bungalow

9585 Mettetal is a family-friendly brick bungalow offering 3 bedrooms and 1 bathroom on an ample 4,356 square-foot lot. Tenants will find Stoepel Park Number 2 across the street, with beautifully landscaped gardens that will delight the senses; residents will enjoy walking or jogging along the well-maintained pathways that wind through the park, along with the natural beauty and tranquility of the area.

A Friendly Community

The Brooks neighborhood, centrally located in Detroit, boasts a reputation for its friendly community and well-maintained properties. Accessible via Gratiot Avenue, this residential area offers easy access to local amenities and is just a short drive from Eastwood Park. Residents of Brooks enjoy the lush greenery of Stoepel Park Number 2, with its beautifully landscaped gardens and recreational facilities catering to visitors of all ages.

Solid Investment Potential

With an expected income of 9.52% and an acquisition price of $56,000, Mettetal presents a solid investment opportunity. A renovation budget of $5,000 is included in the listing price for painting, roof, and window repairs that ensure the property maintains its charm and functionality. Close proximity to other RealT properties such as (D) 9585 Abington, (S) 9624 Abington, and 9576 Grandmont, underscores RealT’s economies-of-scale approach to maximizing returns in Detroit’s thriving real estate market.


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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