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OLD-9166 Devonshire Rd, Detroit MI 48224

View Smart Contracts: Eth

NOTE: Tokens for this property are being migrated to a new smart contract. Unmigrated tokens will show in your Portfolio as 'OLD'. If you hold tokens of this property, you will be contacted regarding the migration in coming weeks. This change will not impact the value of your tokens or rent.

Total Investment: $ 81,040.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.75%

    Not including capital appreciation

  • Rent per Token

    $ 6.80 / year
  • Rent Start Date

    July 22, 2020
  • Token Price

    $ 57.89
  • Total Tokens

    1,400

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
  • Neighborhood

    Outer Drive-Hayes
  • Construction Year

    1929
  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    Yes
  • Section 8 Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 12,240.00
  • Gross Rent / month

    $ 1,020.00
  • Monthly Costs

    - $ 226.55
    • Property Management (7.00%)
      - $ 71.40
    • RealT Platform (2.00%)
      - $ 20.40
    • Property Taxes
      - $ 84.75
    • Insurance
      - $ 50.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 793.45
  • Net Rent / year

    $ 9,521.40
  • Total Investment

    $ 81,040.00
    • Underlying Asset Price
      $ 79,000.00
    • Initial Maintenance Reserve
      $ 2,040.00
    • Unrounded Listing Price
      $ 81,040.00
  • Expected Income

    11.75%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,920
  • Interior Size (sqft)

    1,472

Test Renovation content!

Property Valuation

  • 2021

    Jun 30
    343 days since prior valuation

    Asset Valuation

    $ 79,000.00

    Annual Change

    +22.94%

    Total Investment

    $ 81,040.00

    Token Price

    $ 57.89

    Capital ROI

    +20.01%

    Reg Distributed

    $ 7,448.89

    New Photos

    No new photos at this time.
  • 2020

    Jul 22
    Initial Valuation

    Asset Valuation

    $ 65,000.00

    Total Investment

    $ 74,488.89

    Token Price

    $ 53.21

    Initial Valuation

    Values derived in: Property Financials Tab

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

About the Property

9166 Devonshire is a beautiful 1,472 square-foot single-family home built in 1929. This two-story property has a lot of character, which is especially visible in its vibrant brickwork and the climbing foliage decorating its west face.

This property is located in the Outer Drive-Hayes neighborhood of Detroit, where the nearby homes share Devonshire’s distinctive brickwork and charm!  These homes were built with high-grade materials, and their solid architecture still attracts residents who value their quality and character.

Devonshire is located just half a mile from Wayne Elementary School, and just over a mile from Clark J.E. Academy.  In 1999, The Detroit News said that the adjacent East English Village neighborhood had “emerged as one of Detroit’s most desirable neighborhoods”.

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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