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1380 Kimball Cv
1380 Kimball Cv
Memphis, TN 38114
About
Property originally listed for sale on the marketplace by Pablo T Pereyra with 901, Realtors.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
**Owners voted to list the property for sale. See the "Property Updates" section below for more details."
The current Capital Call balance is $1,291.32. The Operating Reserve balance is -$1,274, which includes unpaid bills. The Operating Reserve balance at half full is $3,575 and $7,150 at full.
When the Operating Reserve is <50% full, half of all net rental income should go to the Operating Reserve, and half to pay off the loan; when the Operating Reserve is >=50% full, 100% of net rental income should be used to pay off the loan.
Single Family Home located in Memphis, Tennessee.
Details
- Completely remodeled brick home
- Renovations include new A/C unit, water heater, roof, paint inside and out, floors and carpets, windows, upgraded kitchen, electrical, plumbing, new concrete driveways.
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by HomeRiver Group Memphis
- Insurance Policy through Obie Insurance
Occupancy Status
- 1 year lease (05/31/2024 - 05/30/2025)
- $995/month
- $1,500 security deposit
- Lease Agreement
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
Memphis, TN
Memphis is a major logistics hub, home to FedEx’s global headquarters and superhub along with major rail, river, and interstate connections. St. Jude Children’s Research Hospital and a strong healthcare sector add to the job base. Its music heritage, Mississippi River setting, and a cost of living well below the national average make it an affordable place to own, and a large renter population supports steady demand.
Property Updates
Governance Results:
The Governance Voting results are back to approve Lofty to sign on behalf of the DAO LLC to authorize the sale of this property.
The winning vote is:
Yes [approve Lofty to sign on behalf of the DAO LLC to authorize the sale of this property.]
This option received 1,276 / 1,280 votes which is equal to 99.6% of the total votes.
The voting results can be found on chain here or by searching the application ID: 2369223114
The amendment will be signed, and the property will be set to close. The Title Company will follow up with the updated closing date.
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
1380 Kimball Cv
Memphis, TN 38114
About
Property originally listed for sale on the marketplace by Pablo T Pereyra with 901, Realtors.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
**Owners voted to list the property for sale. See the "Property Updates" section below for more details."
The current Capital Call balance is $1,291.32. The Operating Reserve balance is -$1,274, which includes unpaid bills. The Operating Reserve balance at half full is $3,575 and $7,150 at full.
When the Operating Reserve is <50% full, half of all net rental income should go to the Operating Reserve, and half to pay off the loan; when the Operating Reserve is >=50% full, 100% of net rental income should be used to pay off the loan.
Single Family Home located in Memphis, Tennessee.
Details
- Completely remodeled brick home
- Renovations include new A/C unit, water heater, roof, paint inside and out, floors and carpets, windows, upgraded kitchen, electrical, plumbing, new concrete driveways.
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by HomeRiver Group Memphis
- Insurance Policy through Obie Insurance
Occupancy Status
- 1 year lease (05/31/2024 - 05/30/2025)
- $995/month
- $1,500 security deposit
- Lease Agreement
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
Memphis, TN
Memphis is a major logistics hub, home to FedEx’s global headquarters and superhub along with major rail, river, and interstate connections. St. Jude Children’s Research Hospital and a strong healthcare sector add to the job base. Its music heritage, Mississippi River setting, and a cost of living well below the national average make it an affordable place to own, and a large renter population supports steady demand.
Property Updates
Governance Results:
The Governance Voting results are back to approve Lofty to sign on behalf of the DAO LLC to authorize the sale of this property.
The winning vote is:
Yes [approve Lofty to sign on behalf of the DAO LLC to authorize the sale of this property.]
This option received 1,276 / 1,280 votes which is equal to 99.6% of the total votes.
The voting results can be found on chain here or by searching the application ID: 2369223114
The amendment will be signed, and the property will be set to close. The Title Company will follow up with the updated closing date.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Right now this home's rent goes toward costs such as repairs, refilling the operating reserve, or covering a vacancy.
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
$995.00
Monthly Rent
$995.00
Monthly Expenses
$0.00
Paid to investors
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.