RealT

9943 Marlowe Street, Detroit, MI


Price
$69.23 USD (0.45%)

24h Volume
0

Market Cap
$69,230

Last Trade
February 27, 2020

Last Trade
February 27, 2020
9943 Marlowe Street, Detroit, MI logo
RealT Price History

Fundraise Status

Number Investors 71
Raise Close Date November 06, 2019
Last Updated January 14, 2020

Raise Progress Closed

Soft Cap
100% Complete
Current Amount Raised $63,750USD

Terms

Fundraise Information

Total Raise $63,750 USD
Soft Cap $1,000 USD
Raise Status Open since Closed
Minimum Investment $63 USD
Accepted Investors US & International Accredited Only
Security Type dividend
Exemptions Reg S
Instrument Dividends

Token Information

Price Per (RealT) $63.75
Token Issuance Platform RealT
Token Protocol ERC-20
Token Issuance Info RealT
Payment Options
  • BTC
  • ETH
  • Other
  • 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

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.

Highlights

Token holders receive rent (dividends) in the form of DAI - the stablecoin, as well as fees for holding their assets on the exchange