Single Family
United States
1 / 6

11260 Somerset Ave, Detroit, MI 48224

29
11260 Somerset Ave, Detroit, United States

A 1940 single-family brick home in Detroit's Moross-Morang neighborhood, offering 1,146 sq ft of living space on a 4,792 sq ft lot with 3 bedrooms and 1.5 bathrooms. It sits near Edwin C. Denby High School and Henry Ford Medical Center – Grosse Pointe Cottage, with a $5,000 renovation budget allocated for selective enhancements.

Property Overview

Bedrooms

3

Bathrooms

1.5

Size

1146 sq ft

Year Built

N/A

Investment Returns Projection

Projected value

$1,551
$551 (55.10%)
Investment Summary
Asset Price$92,000.00
Token Price$50.00
Annual Yield9.17%
Monthly Rental$703.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $92,000.00 in total. The property itself is $72,000.00, so 27.8% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price78.3%$72,000.00
  • Reserves and improvements8.0%$7,400.00
  • Other13.7%$12,600.00

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

1,840

Token Price

$50.00

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-11260-SOMERSET-AVE-DETROIT-MI

Contract Address

0x640598796ae0cd02650e77a4c755ec1051d12046

Property Features

Property Type

Single Family

Bedrooms

3

Bathrooms

1.5

Size

1146 sq ft

Year Built

N/A

Condition

N/A

Street View
Total Price

$92,000.00

Token Price$50.00
Annual Yield9.17%
Tokens AvailableN/A