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OLD-9943 Marlowe St, Detroit, MI 48227

View Smart Contracts: Eth

NOTE: Tokens for this property have been migrated to a new smart contract. If you held tokens of this property, they will no longer show in your Portfolio as 'OLD'. This change will not impact the value of your tokens or rent.

Total Investment: $ 68,500.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income


    Not including capital appreciation

  • Income Start Date

    August 24, 2019
  • Income per Token

    $ 9.04 / year
  • Token Price

    $ 68.50
  • 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
  • Country

  • Source

  • Neighborhood

    Plymouth - Hubbell
  • Construction Year

  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 11,640.00
  • Gross Income / month

    $ 970.00
  • Monthly Costs

    - $ 216.47
    • Property Management (7.00%)
      - $ 67.90
    • RealT Platform (2.00%)
      - $ 19.40
    • Property Taxes
      - $ 79.17
    • Insurance
      - $ 50.00
    • Utilities
  • Net Income / month

    $ 753.53
  • Net Income / year

    $ 9,042.36
  • Total Investment

    $ 68,500.00
    • Underlying Asset Price
      $ 68,000.00
    • Initial Maintenance Reserve
      $ 500.00
    • Unrounded Listing Price
      $ 68,500.00
  • Expected Income


    Not including capital appreciation

Test Renovation content!

Property Valuation

  • 2021

    May 13
    744 days since prior valuation

    Asset Valuation

    $ 68,000.00

    Annual Change


    Total Investment

    $ 68,500.00

    Token Price

    $ 68.50

    Capital ROI


    Reg Distributed

    $ 6,375.00

    New Photos

    No new photos at this time.
  • 2019

    Apr 30
    Initial Valuation

    Asset Valuation

    $ 57,500.00

    Total Investment

    $ 63,750.00

    Token Price

    $ 63.75

    Initial Valuation

    Values derived in: Property Financials Tab

This property is tradable on Uniswap!

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About the Property

Introducing the newly renovated 9943 Marlowe, a spacious, 3BR / 1 bathroom brownstone bungalow located in Detroit’s Fiskhorn neighborhood. The charm of this historic home is amplified with renovated interiors in every room, including a new fireplace mantle, floors and tiling, and windows. Additionally, this home features a sizeable side yard and backyard, and an expansive finished attic area for storage, play, exercise or leisure. There’s never time to be bored, as tenants will be only 5 minutes away from major freeways, playgrounds, restaurants and other commerce.

9943 Marlowe Street has been acquired by Marlow street MI LLC on December 29th 2018 for $33.5k. At that time, the property was unoccupied and not in any condition to be rented and produce income. It required extensive targeted renovations. After investing approximately $15k of strategically important renovations, the property was modernized, wholesome, and inviting. With a moderate marketing effort, the property rented for $850/Month, or $10,200/Year. After adding up all expenses incurred by Marlow Street LLC, the current sales price will bring a CAP of 13.9% for the investor and a gross profit of 10K for the sellers.


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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