Source: STM.co
| Number Investors | 71 |
| Raise Close Date | November 06, 2019 |
| Last Updated | April 23, 2024 |
| Current Amount Raised | $63,750USD |
| Total Raise | $63,750 USD |
| Soft Cap | $1,000 USD |
| Raise Status | Closed |
| Minimum Investment | $63,750 USD |
| Accepted Investors | International Non-US |
| Exemptions | Reg S |
| Instrument | Equity |
| Token Issuance Info | No lockout period due to RegS |
| Price Per (RealT) | $219.89 USD |
| Token Issuance Platform | RealT |
| Secondary Marketplace | Levinswap |
| Blockchains Available On | Gnosis Chain |
| Security Type | Equity |
| Asset Class | Real Estate |
| Ratings | - |
| Token Rights | Each token grants the token holder the right to rent payments made by the tenant in the form of DAI (stablecoin) |
9943 Marlowe Street has been acquired by Marlow street MI LLC on December 29th 2018 for $33.5k. At that time, the property was unoccupied and not in any condition to be rented and produce income. It required extensive targeted renovations. After investing approximately $15k of strategically important renovations, the property was modernized, wholesome, and inviting. With a moderate marketing effort, the property rented for $850/Month, or $10,200/Year. After adding up all expenses incurred by Marlow Street LLC, the current sales price will bring a CAP of 13.9% for the investor and a gross profit of 10K for the sellers.
Property Highlights
Expected Yield: 12.9%
Rent Start Date: 2019-07-12
Rent per Token: $8.22 / year
Token Price: $63.75
Total Tokens: 1,000
Property Type: Single Family
Neighborhood: Plymouth - Hubbell
Square Feet: 1,027
Bedroom/Bath: 3 Bed. / 1 Bath
Rented?: Fully Rented
Financials
Gross Rent / year: $10,740.00
Gross Rent / month: $895.00
Monthly Costs: $209.72
Net Rent / month: $685.28
Net Rent / year: $8,223.36
Total Investment: $63,750.00
Expected Yield: 12.90%
