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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
⏰ The project starts on 08/11/2024 16h00
💰 The estimated rate of return is 9.13% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 50$
🤖 Review's summary
Type of Project: Rental Investment
Total Amount to Finance: 83,622 USD
Capital Repayment: In fine, Interests: 1w
Risk Assessment: 6/10
Start Date: Rent Start Day on February 1, 2025
The project involves the purchase of a house with 3 bedrooms and 1 bathroom, covering an area of 83 m², located in Detroit in the Brooks neighborhood.
Detroit is a city with a population of 605,000, located 460 km from Chicago and 278 km from Cleveland.
Positives: Historical Class C house, fully leased asset, quality non-social welfare tenant, nearby RealT properties for economies of scale, rental yield of 9.13%.
Concerns: Below Zillow rent estimate, lower than average project yield, house purchased below market price but with nearby abandoned homes, higher crime rate, moderate climate risk (flood), low renovation budget.
Overall, the project at 8898 Marlowe St in Detroit presents some promising aspects such as a decent rental yield, a historical property, and a fully leased asset. However, there are also significant concerns like the presence of abandoned houses nearby, higher crime rates, and a lower than estimated rent, which could impact the overall return on investment.
Investors should carefully consider these factors and weigh the potential risks against the rental income and property value. It is advisable to conduct thorough due diligence and potentially seek advice from real estate professionals before committing to this investment.
Ultimately, while the project offers opportunities for rental income, the associated risks, especially regarding the neighborhood and property condition, should not be overlooked. Investors should proceed cautiously and make informed decisions based on their risk tolerance and investment objectives.
For those considering larger investments, the bonus offerings of free access to the crowdfunding living course and a year of the Private Investors Objective-Income Club could provide additional value and resources to support their investment journey.
For more information or to explore investment opportunities, you can visit: RealT Investment Platform
25 voters
👎44% 👍20% 🤷8% 🏳️28%
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...
The votes take place in the Objectif-Renta Investors Club.
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