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15285 Fordham St, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 79,695.20

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.18%

    Not including capital appreciation

  • Income per Token

    $ 4.63 / year

  • Income Start Date

    February 1, 2024

  • Token Price

    $ 50.44

  • Total Tokens

    1,580

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

    15285 Fordham St, Detroit, MI 48205

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Burbank

  • Construction Year

    1941

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,580.00

  • Gross Rent / month

    $ 965.00

  • Monthly Costs

    - $ 355.50
    • Property Management (8.00%)
      - $ 77.20
    • RealT Platform (2.00%)
      - $ 19.30
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 84.00
    • Insurance
      - $ 65.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 609.50

  • Net Rent / year

    $ 7,314.00

  • Total Investment

    $ 79,695.20
    • Underlying Asset Price
      $ 55,000.00
    • Sourcing Fee (10%)
      $ 7,970.00
    • Initial Maintenance Reserve
      $ 1,930.00
    • Initial Renovation Reserve
      $ 12,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 79,700.00
    • Rounding Difference
      - $ 4.80

  • Expected Income

    9.18%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,964

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    972

  • Heating

    Forced Air w/ Ducts

  • Building Class

    C

  • Renovated

    Partial

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-15285-FORDHAM-ST-DETROIT-MI

  • Total Tokens

    1580

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    December 8, 2023

  • Issuer

    RealToken International 15285 Fordham St Inc

  • Min. Investment Amount

    $50.44

  • Max. Investment Amount

    $79,695.20

  • Amount Raised

    $79,695.20

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15285 Fordham

Discover 15285 Fordham, a single-family brick home with 3 bedrooms, 1 bathroom, and a detached garage. This cozy building enjoys 972 square feet of living space on a 3,964 square-foot lot. Located in Detroit’s Burbank neighborhood, recognized as the 11th most walkable neighborhood in the city, this property is strategically located near key convenient amenities such as Mt Hope United Methodist Church, Fisher Magnet Upper Academy, and the Heilmann Recreation Center.

RealT’s method of offering multiple properties close together allows token holders to enjoy lower maintenance costs and a collective rise in property value, and Fordham is part of this expansion strategy aimed at maximizing economy-of-scale benefits.

Fordham projects a 9.18% expected rental income, and having been acquired at a competitive price of $55,000, this property also promises a reliable return on investment. The listing price includes a $12,000 renovation budget, addressing necessary updates like brick painting, entry upgrades, siding enhancements, and deferred maintenance.

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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