Multi-Family
United States
1 / 3

14918 Joy Rd, Detroit, MI 48228

30
14918 Joy Rd, Detroit, United States

A brick 15-unit multifamily building on Joy Road in Detroit's Fiskhorn neighborhood on the city's West Side. The area offers affordable rentals, community parks including Rouge Park and Eliza Howell Park, and lies less than 15 miles from Downtown Detroit, with supermarkets and small businesses nearby.

Property Overview

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,792
▲ $792 (79.20%)
Investment Summary
Asset Price$692,160.00
Token Price$49.44
Annual Yield12.38%
Monthly Rental$7,141.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $692,160.00 in total. The property itself is $575,000.00, so 20.4% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price83.1%$575,000.00
  • Reserves and improvements6.9%$47,916.00
  • Other10.0%$69,244.00

Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.

Token Information

Total Tokens

14,000

Token Price

$49.44

Tokens Available

0

Minimum Investment

N/A

Token Holders

N/A

Platform Fee

N/A

Management Fee

N/A

Leverage

Not stated

Blockchain Network

Gnosis Chain

Token Symbol

REALTOKEN-S-14918-JOY-RD-DETROIT-MI

Contract Address

0x63A1849b47eF5913ccc5adb0E2708b11A4Ba6972

Property Features

Property Type

Multi-Family

Bedrooms

N/A

Bathrooms

N/A

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$692,160.00

Token Price$49.44
Annual Yield12.38%
Tokens AvailableN/A