| Number Investors | 64 |
| Raise Close Date | March 01, 2020 |
| Last Updated | May 26, 2021 |
| Current Amount Raised | $69,400USD |
| Total Raise | $69,400 USD |
| Soft Cap | $40,000 USD |
| Raise Status | Open since Closed |
| Minimum Investment | $69,400 USD |
| Accepted Investors | Tba |
| Security Type | Dividend |
| Exemptions | Reg D and Reg S |
| Instrument | Dividend/Equity |
| Price Per (RealT) | $85.69 USD |
| Token Issuance Platform | RealT |
| Token Protocol | ERC-20 |
| Token Issuance Info | In-House |
| Payment Options |
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Token Rights
Each token grants the token holder the right to rent payments made by the tenant in the form of DAI (stablecoin)
Lesure is in close proximity to Eight Mile Road, where local restaurants and retail stores act as the community hub. This location gives Lesure both a quiet neighborhood and easy access to the rest of the city. This property’s high rental income, maintenance history, and exposure to the resurgence of local industry makes Lesure a valuable component of a real estate portfolio looking for both passive income and exposure to the growth of Detroit.
Property Highlights
Expected Yield: 10.39%
Rent per Token: $7.21 / year
Token Price: $69.40
Total Tokens: 1,000
Property Type: Single Family
Neighborhood: Schaefer 7-8 Lodge
Square Feet: 1,027
Bedroom/Bath: 3 Bed. / 1 Bath
Rented?: Fully Rented
Section 8?: Partial - Section 8 Pays...95% of rent
Financials
Gross Rent / year: $10,200.00
Gross Rent / month: $850.00
Monthly Costs: $249.00
Net Rent / month: $601.00
Net Rent / year: $7,212.00
Total Investment: $69,400.00
Expected Yield10.39%
