'/%3e%3cpath%20d='M110.5%2074.84L61.56%20113.3V150.04H0V87.4L110.5%200V74.84Z'%20fill='url(%23paint1_linear_1102_1766)'/%3e%3cpath%20d='M159.44%20150.04L159.44%20205.81H159.2L110.5%20166.53L61.8001%20205.81H61.5601L61.56%20150.04L110.5%20110.57L159.44%20150.04Z'%20fill='url(%23paint2_linear_1102_1766)'/%3e%3cpath%20d='M110.5%20110.57V166.53L61.8001%20205.81H61.5601L61.56%20150.04L110.5%20110.57Z'%20fill='url(%23paint3_linear_1102_1766)'/%3e%3cpath%20d='M159.44%20206H61.5601L61.8001%20205.81L110.5%20166.53L159.2%20205.81L159.44%20206Z'%20fill='url(%23paint4_linear_1102_1766)'/%3e%3cdefs%3e%3clinearGradient%20id='paint0_linear_1102_1766'%20x1='166'%20y1='-19.908'%20x2='145.641'%20y2='227.731'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%23B5AAFF'/%3e%3cstop%20offset='0.723958'%20stop-color='%238977FF'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint1_linear_1102_1766'%20x1='64'%20y1='15.7891'%20x2='172.309'%20y2='257.652'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%239383FF'/%3e%3cstop%20offset='0.75'%20stop-color='%234D3FED'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint2_linear_1102_1766'%20x1='171.462'%20y1='36.6188'%20x2='8.598'%20y2='270.272'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20offset='0.229167'%20stop-color='%23B5AAFF'/%3e%3cstop%20offset='0.994792'%20stop-color='%238977FF'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint3_linear_1102_1766'%20x1='55.7219'%20y1='-31.3876'%20x2='76.8187'%20y2='349.172'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20offset='0.307292'%20stop-color='%239383FF'/%3e%3cstop%20offset='0.854167'%20stop-color='%234D3FED'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint4_linear_1102_1766'%20x1='110'%20y1='271'%20x2='76.5255'%20y2='202.314'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%23B5AAFF'/%3e%3cstop%20offset='0.90625'%20stop-color='%238977FF'/%3e%3c/linearGradient%3e%3c/defs%3e%3c/svg%3e)
'/%3e%3cpath%20d='M110.5%2074.84L61.56%20113.3V150.04H0V87.4L110.5%200V74.84Z'%20fill='url(%23paint1_linear_1102_1752)'/%3e%3cpath%20d='M159.44%20150.04L159.44%20205.81H159.2L110.5%20166.53L61.8001%20205.81H61.5601L61.56%20150.04L110.5%20110.57L159.44%20150.04Z'%20fill='url(%23paint2_linear_1102_1752)'/%3e%3cpath%20d='M110.5%20110.57V166.53L61.8001%20205.81H61.5601L61.56%20150.04L110.5%20110.57Z'%20fill='url(%23paint3_linear_1102_1752)'/%3e%3cpath%20d='M159.44%20206H61.5601L61.8001%20205.81L110.5%20166.53L159.2%20205.81L159.44%20206Z'%20fill='url(%23paint4_linear_1102_1752)'/%3e%3cdefs%3e%3clinearGradient%20id='paint0_linear_1102_1752'%20x1='166'%20y1='-19.908'%20x2='145.641'%20y2='227.731'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%23B5AAFF'/%3e%3cstop%20offset='0.723958'%20stop-color='%238977FF'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint1_linear_1102_1752'%20x1='64'%20y1='15.7891'%20x2='172.309'%20y2='257.652'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%239383FF'/%3e%3cstop%20offset='0.75'%20stop-color='%234D3FED'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint2_linear_1102_1752'%20x1='171.462'%20y1='36.6188'%20x2='8.598'%20y2='270.272'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20offset='0.229167'%20stop-color='%23B5AAFF'/%3e%3cstop%20offset='0.994792'%20stop-color='%238977FF'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint3_linear_1102_1752'%20x1='55.7219'%20y1='-31.3876'%20x2='76.8187'%20y2='349.172'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20offset='0.307292'%20stop-color='%239383FF'/%3e%3cstop%20offset='0.854167'%20stop-color='%234D3FED'/%3e%3c/linearGradient%3e%3clinearGradient%20id='paint4_linear_1102_1752'%20x1='110'%20y1='271'%20x2='76.5255'%20y2='202.314'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%23B5AAFF'/%3e%3cstop%20offset='0.90625'%20stop-color='%238977FF'/%3e%3c/linearGradient%3e%3c/defs%3e%3c/svg%3e)
15711 Grovewood Ave
15711 Grovewood Ave
Cleveland, Ohio 44110
About
Property originally listed for sale on the marketplace by Dairyview 6 LLC.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Updated as of 5/14/2025:
The Operating Reserve balance (-$1,271) is below half full.
Owners voted to apply 100%of the cash flow until the reserve is half full ($4,550) and apply 50% of cash flow until the reserve is full ($9,100).
Based on the projected monthly cash flow ($1,738) once all three units are leased, it will take ~3.3 months for the reserve to be half full and an additional ~5.2 months for the reserve to be full.
The Operating Reserve balance is part of the property value. As a result, the property will increase in value as the Operating Reserve is replenished.
3-Unit property (Triplex) located in Cleveland, Ohio.
Details
- Located just a few blocks away from restaurants and Humphrey Park
- Renovated in early 2022. View renovations here.
- This property comes with a 1 year home warranty.
Property Management and Insurance
- Managed by M1 Homes LLC
- Insurance Policy through Obie Insurance
Occupancy Status
- Upper Unit
- 1 year lease (09/21/2024 - 09/20/2025)
- $900/month
- $1,800 Security Deposit
- Lease Agreement
- Lease Modification
- Middle Unit
- 1 year lease (11/08/2024 - 11/07/2025)
- $862/month
- $790 Security Deposit
- Lease Agreement
- Lower Unit
- 1 year lease (04/23/2025 - 04/22/2026)
- $800/month
- $800 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
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Governance Results for 15711 Grovewood Ave:
The Governance Voting results are back for the owner proposed vote.
The winning vote is:
Yes: Approve the payment of $2,070 to M1 Homes LLC for transaction coordination services.
This voting option received 525 / 610 token votes, which is equal to 86% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3350291690
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
15711 Grovewood Ave
Cleveland, Ohio 44110
About
Property originally listed for sale on the marketplace by Dairyview 6 LLC.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Updated as of 5/14/2025:
The Operating Reserve balance (-$1,271) is below half full.
Owners voted to apply 100%of the cash flow until the reserve is half full ($4,550) and apply 50% of cash flow until the reserve is full ($9,100).
Based on the projected monthly cash flow ($1,738) once all three units are leased, it will take ~3.3 months for the reserve to be half full and an additional ~5.2 months for the reserve to be full.
The Operating Reserve balance is part of the property value. As a result, the property will increase in value as the Operating Reserve is replenished.
3-Unit property (Triplex) located in Cleveland, Ohio.
Details
- Located just a few blocks away from restaurants and Humphrey Park
- Renovated in early 2022. View renovations here.
- This property comes with a 1 year home warranty.
Property Management and Insurance
- Managed by M1 Homes LLC
- Insurance Policy through Obie Insurance
Occupancy Status
- Upper Unit
- 1 year lease (09/21/2024 - 09/20/2025)
- $900/month
- $1,800 Security Deposit
- Lease Agreement
- Lease Modification
- Middle Unit
- 1 year lease (11/08/2024 - 11/07/2025)
- $862/month
- $790 Security Deposit
- Lease Agreement
- Lower Unit
- 1 year lease (04/23/2025 - 04/22/2026)
- $800/month
- $800 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
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Governance Results for 15711 Grovewood Ave:
The Governance Voting results are back for the owner proposed vote.
The winning vote is:
Yes: Approve the payment of $2,070 to M1 Homes LLC for transaction coordination services.
This voting option received 525 / 610 token votes, which is equal to 86% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3350291690
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
$1,490.00
Monthly Rent
$1,490.00
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.