8342 Schaefer Hwy Token

RealT


Price
$53.71 USD (2.91%)

24h Volume
0

Market Cap
$214,827

Last Trade
July 27, 2021

Last Trade
July 27, 2021
8342 Schaefer Hwy logo

RealT Price

Trading History

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Fundraise Status

Number Investors 254
Raise Close Date May 05, 2020
Last Updated May 26, 2021

Raise Progress Closed

Soft Cap
100% Complete
Current Amount Raised $203,333USD

Terms

Fundraise Information

Total Raise $203,333 USD
Soft Cap $10,000 USD
Raise Status Open since Closed
Minimum Investment $203,333 USD
Accepted Investors Tba
Security Type Dividend
Exemptions Reg S and Reg D
Instrument Equity and Dividends

Token Information

Price Per (RealT) $53.71 USD (2.91%)
Token Issuance Platform RealT
Token Protocol ERC-20
Token Issuance Info RealT
Payment Options
  • BTC
  • ETH
  • USD

Token Rights

Each token grants the token holder the right to rent payments made by the tenant in the form of DAI (stablecoin)

About

Overview

Three of Schaefer’s four apartments are Section 8, and the fourth has a long-time tenant that pays more often than not. When the tenant is unable to pay rent, the property management company hires him to take care of maintenance work on the quadruplex, like cutting the grass, taking care of the common areas for two weeks or a full month, and fixing any fixable items to the other tenants’ satisfaction. This has been an advantageous compromise that has resulted in a stable arrangement for years. The property manager then credits the tenant’s account with the money earned and applies it toward his rental payment, which is then sent to the landlord. This is fine in a small multi-family like a quadruplex. So far, even if this has created some irregularities, rent has always been paid by month’s end.

Highlights

Property Highlights

Expected Yield: 12.78%

Rent per Token: $6.49 / year

Token Price: $50.83

Total Tokens: 4,000

Property Type: Multi Family

Neighborhood: Joy - Schaefer

Square Feet: 3,230

Rented?: Fully Rented

Financials

Gross Rent / year: $36,720.00

Gross Rent / month: $3,060.00

Monthly Costs: $895.28

Net Rent / month: $2,164.72

Net Rent / year: $25,976.64

Total Investment: $203,333.33

Expected Yield: 12.78%