| Number Investors | 207 |
| Raise Close Date | April 02, 2020 |
| Last Updated | May 26, 2021 |
| Current Amount Raised | $74,389USD |
| Total Raise | $74,389 USD |
| Soft Cap | $70,000 USD |
| Raise Status | Open since Closed |
| Minimum Investment | $74,389 USD |
| Accepted Investors | Tba |
| Security Type | Dividend |
| Exemptions | Reg D and Reg S |
| Instrument | TBA |
| Price Per (RealT) | $60.74 USD |
| Token Issuance Platform | RealT |
| Token Protocol | ERC-20 |
| Token Issuance Info | RealT |
| 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)
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.
Property Highlights
Expected Yield: 11.21%
Rent per Token: $5.96 / year
Token Price: $53.13
Total Tokens: 1,400
Property Type: Single Family
Neighborhood: Dearborn Heights
Square Feet: 974
Bedroom/Bath: 3 Bed / 1 Bath
Rented?: Fully Rented
Section 8?: Section 8 Pays...90%
Financials
Gross Rent / year: $11,400.00
Gross Rent / month: $950.00
Monthly Costs: $255.00
Net Rent / month: $695.00
Net Rent / year: $8,340.00
Total Investment: $74,388.89
Expected Yield11.21%
