| Number Investors | 130 |
| Raise Close Date | March 11, 2020 |
| Last Updated | May 26, 2021 |
| Current Amount Raised | $62,700USD |
| Total Raise | $62,700 USD |
| Soft Cap | $20,000 USD |
| Raise Status | Open since Closed |
| Minimum Investment | $62,700 USD |
| Accepted Investors | Tba |
| Security Type | Dividend |
| Exemptions | Reg D and S |
| Instrument | Equity and Dividend |
| Price Per (RealT) | $63.97 USD |
| Token Issuance Platform | RealT |
| Token Protocol | ERC-20 |
| Token Issuance Info | In-House |
| Payment Options |
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Token Rights
Each token holder receives daily dividends from the rental income of each property in the form of DAI (the stablecoin) and holds an equity interest in the property
Just three blocks away from Patton is Rouge Park, a 1,200 acre park that is 40% larger than New York’s Central Park! The park has more than a dozen amenities that are completely unique to Detroit, such as the only Michigan Mountain Biking Association trail in Wayne County, an archery range, and the 15-acre tall-grass prairie with an ecosystem that supports butterflies and other wildlife.
The Franklin Park neighborhood is a blue-collar area where the resurgence of the automobile industry has positively impacted the local housing market.
Property Highlights
Expected Yield: 10.4%
Rent per Token: $6.52 / year
Token Price: $62.70
Total Tokens: 1,000
Property Type: Single Family
Square Feet:850
Bedroom/Bath: 3 Bed / 1 Bath
Rented?: Fully Rented
Financials
Gross Rent / year: $9,300.00
Gross Rent / month: $775.00
Monthly Costs: $231.84
Net Rent / month: $543.16
Net Rent / year: $6,517.92
Total Investment: $62,700.00
Expected Yield: 10.40%
