The project 4 propriétés RealT Cleveland 24/07/24 by Realt

Review of the project 4 propriétés RealT Cleveland 24/07/24 by Realt

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 9

Criteria	Points
mortgage coverage	∅
optimistic scenario margin	∅
pre-commercialization	∅
track record	🟩🟩
location	🟩🟩
in the vicinity	🟩
yield	∅
LTA	🟩
LTS	🟩
operator commitment	∅
sales price	🟩
permanent loss	∅
late projects	∅
price trend	∅
urban planning risk	🟩
debt to equity	∅
debt to asset	∅

This review is proposed by Grégory Vaur on 24/07/2024

⏰ The project starts on 24/07/2024 21h00
💰 The estimated rate of return is 9.5% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 50$

Project Analysis: RealT Cleveland Properties

Analysis of RealT Cleveland Properties by Grégory Vaur

Project Overview

The project is scheduled for July 24, 2024, with an overall assessment of Average Yield (9.5%), Rent Start Day in about 1 month (15 days for 12905 Lenacrave Ave). The properties are located in the southern neighborhoods of Cleveland, with acquisition prices and rents generally consistent and low to medium crime rates.

Project Details

Type of Project: Rental Investment
Amount to be Funded: $373,252 USD
Repayment: In fine. Interests: 1w.

Property Description

The project involves the purchase of 4 houses ranging from 124 to 159m² with 3 or 4 bedrooms located in Cleveland, Ohio.

Key Points:

Yield: 9.5% - decent
Rental Start Date: 1st September for most properties except 12905 Lenacrave Ave (start on 15th August)
Historical class C houses built between 1923 and 1994
Fully leased assets
Tenants not receiving social assistance

Property Details

Now, let's look into each specific property:

10008 Elizabeth Ave, Cleveland

Acquisition: $70k, below Zillow and Realtor estimates
Rent: $1180/month, lower than Zillow estimate
Nearby amenities: Supermarket, restaurants, high school
Risk: Flooding (6/10)
Crime: Low to medium

10905 Eliot Ave, Cleveland

Acquisition: $82k, below Zillow and Realtor estimates
Rent: $1250/month, below Zillow estimate
Nearby amenities: School, Aldi supermarket, park
Risk: Air quality (3/10)
Crime: Low to medium

12901 Lenacrave Ave, Cleveland

Acquisition: $70k, below Realtor estimate
Rent: $1140/month, below Zillow estimate
Nearby amenities: Restaurant, elementary school, grocery store
Risk: Air quality and heat-related (3/10)
Crime: Low to medium

12905 Lenacrave Ave, Cleveland

Acquisition: $68k, below Zillow and Realtor estimates
Rent: $1195/month, below Zillow estimate
Nearby amenities: Restaurant, elementary school, grocery store
Risk: Air quality and heat-related (3/10)
Crime: Low to medium

Final Thoughts

Overall, the RealT Cleveland Properties project seems promising with good yield potential and properties situated in decent neighborhoods. Despite some risks, the properties show consistency in rental prices and acquisition costs. With low to medium crime rates and various nearby amenities, these properties offer a good investment opportunity. Don't miss out on the bonus benefits for investments exceeding $300!

Stay optimistic and happy investing!

Historial rates of return Realt

Investor votes results for the project: 4 propriétés RealT Cleveland 24/07/24

35 voters
👎34% 👍37% 🤷9% 🏳️20%
To vote :

Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...