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11400 Linnet Ave
11400 Linnet Ave
Cleveland, OH 44111
About
Single-family home located in Cleveland, Ohio. Fully renovated in 2021 with updates including a new kitchen and bathroom, luxury vinyl plank flooring, removal of carpets, new rear security door, glass-block basement windows, hot water tank, electrical, handrail, exterior repairs, new garage roof, landscaping, and interior and exterior paint. The property features a detached garage, open front porch, and full basement. The property is currently occupied on a month-to-month lease at $1,275 per month. The tenant was previously on a 1-year lease renewal from 11/01/2023 to 11/22/2024 at $1,225 per month, a 1-year lease from 11/01/2022 to 10/31/2023 at $1,150 per month, and a 1-year lease through 11/01/2022 at $1,000 per month.
Live Property Financials: 11400 Linnet Ave, Cleveland, OH 44111
Property Management
S&P Property Management, LLC
Founded in October 2025, S&P Property Management, LLC is a member-managed PM business run by discord users "LaPlebDeLaPleb" & "The Scout". LaPlebDeLaPleb and The Scout bring a combined 13 years of experience investing in capital markets and 6 years of active engagement within the Lofty ecosystem. Their complementary expertise spans professional lending, financial consulting, the design and delivery of online courses and workshops, hospitality operations, and logistics management.
Due Diligence Documents
About this offering
The Market
Cleveland, Ohio
Cleveland, Ohio offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Property Updates
Owner-Proposed Governance Vote for 11400 Linnet Ave:
The property manager, S&P Property Management LLC with the following wallet address, is proposing a governance vote.
This owner holds 47 shares in this property.
The owner's reasoning is below, word-for-word:
*Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
Governance Proposal
Property: 11400 Linnet Ave
Subject: Create a Token Buyback & Burn Program
Proposal Summary
Approve the creation of a buyback program that allows the property manager (S&P) to opportunistically acquire and permanently burn tokens in this property when the market price trades below $40 per token. The goal is to increase value to remaining token holders and improve cash yield and NAV over time.
Detailed Terms
The property manager is authorized and directed to use:
Excess Operating Reserve funds, and
Excess monthly net cash flow (not to exceed 50% of otherwise monthly net distributable cash flow)
Buybacks may be executed via market orders or limit orders from time to time at prices not to exceed $40/token.
Maximum buyback amount: up to 10% of the overall token supply (up to 301 of the current 3012 outstanding tokens).
Safeguards:
Operating Reserve balance may not be reduced below $5,000.
No more than 50% of otherwise distributable monthly cash flow may be used.
Once acquired, repurchased tokens shall be placed into a burn wallet and permanently removed from supply by Lofty.
Supporting Rationale – Valuation Analysis
AVM Estimate
Estimated value: $150,000
Implied value per token: $49.80.
Accretion from Buybacks
All repurchases executed under $40 per token will be highly accretive to remaining token holders.
Voting Choices
Yes — Approve the buyback & burn program exactly as described above
No — Reject the buyback & burn program
The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, August 18th, once the voting period ends.
Investor Reviews
N/A/5(0 reviews)No reviews yet
Investors haven't shared their experience with this property yet.
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$1,200
Monthly Rent
$1,154
Monthly Expenses
$46
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.
About this offering
Returns
Monthly Operating Statement
Order book
Trading has not opened yet
The order book appears once this property reaches the secondary market and investors can place buy and sell orders.
Share price
$55.35
11400 Linnet Ave
Cleveland, OH 44111
About
Single-family home located in Cleveland, Ohio. Fully renovated in 2021 with updates including a new kitchen and bathroom, luxury vinyl plank flooring, removal of carpets, new rear security door, glass-block basement windows, hot water tank, electrical, handrail, exterior repairs, new garage roof, landscaping, and interior and exterior paint. The property features a detached garage, open front porch, and full basement. The property is currently occupied on a month-to-month lease at $1,275 per month. The tenant was previously on a 1-year lease renewal from 11/01/2023 to 11/22/2024 at $1,225 per month, a 1-year lease from 11/01/2022 to 10/31/2023 at $1,150 per month, and a 1-year lease through 11/01/2022 at $1,000 per month.
Live Property Financials: 11400 Linnet Ave, Cleveland, OH 44111
Property Management
S&P Property Management, LLC
Founded in October 2025, S&P Property Management, LLC is a member-managed PM business run by discord users "LaPlebDeLaPleb" & "The Scout". LaPlebDeLaPleb and The Scout bring a combined 13 years of experience investing in capital markets and 6 years of active engagement within the Lofty ecosystem. Their complementary expertise spans professional lending, financial consulting, the design and delivery of online courses and workshops, hospitality operations, and logistics management.
Due Diligence Documents
Offering Details
The Market
Cleveland, Ohio
Cleveland, Ohio offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Property Updates
Owner-Proposed Governance Vote for 11400 Linnet Ave:
The property manager, S&P Property Management LLC with the following wallet address, is proposing a governance vote.
This owner holds 47 shares in this property.
The owner's reasoning is below, word-for-word:
*Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
Governance Proposal
Property: 11400 Linnet Ave
Subject: Create a Token Buyback & Burn Program
Proposal Summary
Approve the creation of a buyback program that allows the property manager (S&P) to opportunistically acquire and permanently burn tokens in this property when the market price trades below $40 per token. The goal is to increase value to remaining token holders and improve cash yield and NAV over time.
Detailed Terms
The property manager is authorized and directed to use:
Excess Operating Reserve funds, and
Excess monthly net cash flow (not to exceed 50% of otherwise monthly net distributable cash flow)
Buybacks may be executed via market orders or limit orders from time to time at prices not to exceed $40/token.
Maximum buyback amount: up to 10% of the overall token supply (up to 301 of the current 3012 outstanding tokens).
Safeguards:
Operating Reserve balance may not be reduced below $5,000.
No more than 50% of otherwise distributable monthly cash flow may be used.
Once acquired, repurchased tokens shall be placed into a burn wallet and permanently removed from supply by Lofty.
Supporting Rationale – Valuation Analysis
AVM Estimate
Estimated value: $150,000
Implied value per token: $49.80.
Accretion from Buybacks
All repurchases executed under $40 per token will be highly accretive to remaining token holders.
Voting Choices
Yes — Approve the buyback & burn program exactly as described above
No — Reject the buyback & burn program
The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, August 18th, once the voting period ends.
Investor Reviews
N/A/5(0 reviews)No reviews yet
Investors haven't shared their experience with this property yet.
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$1,200
Monthly Rent
$1,154
Monthly Expenses
$46
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.