| Number Investors | 93 |
| Raise Close Date | December 31, 2019 |
| Last Updated | May 26, 2021 |
| Current Amount Raised | $58,300USD |
| Total Raise | $58,300 USD |
| Soft Cap | $10,000 USD |
| Raise Status | Open since Active |
| Minimum Investment | $58,300 USD |
| Accepted Investors | Tba |
| Security Type | Fixed Income |
| Exemptions | Reg S |
| Instrument | Dividends |
| Price Per (RealT) | $85.69 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)
With easy access to Highway 94, and only a stroll away from East English Village and Grosse Pointe, the Morningside neighborhood is sure to benefit from the surrounding area’s significant growth. Get access to this neighborhood before the $69,900 median price drastically increases. The adjacent North End neighborhood’s median listing is quickly approaching $130,000, and the Lower East’s median is well over $105,000. Seize this unique opportunity to own a piece of quintessential Detroit property.
Property Highlights
Expected Yield: 12.4%
Rent Start Date: 2019-11-04
Rent per Token: $9.64 / year
Token Price: $77.73
Total Tokens: 750
Property Type: Single Family
Neighborhood: Morningside
Square Feet: 1,566
Bedroom/Bath: 3 Bed. / 1.5 Bath
Rented?: Fully Rented
Financials
Gross Rent / year: $10,200.00
Gross Rent / month: $850.00
Monthly Costs: $247.34
Net Rent / month: $602.66
Net Rent / year: $7,231.92
Total Investment: $58,300.00
Expected Yield: 12.40%
