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 |
| Payment Options | Other |
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%
