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18474 Glenmore St
18474 Glenmore St
Redford, MI 48240
About
Property originally listed for sale on the marketplace by JHJ Investment Properties, LLC.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Updated as of 5/15/2025:
Owners have voted to list the property for sale. See the "Property Updates" section below for more details.
Owners voted to do a Capital Call for $7,500 to complete the turn repairs and rent the property out again.
After adding the interest rate of 8.5% to the $7,150 Capital Call, the total amount owed is $8,137.50.
The current Capital Call balance is $1,355.10. The Operating Reserve balance is -$10,116, which includes unpaid bills. The Operating Reserve balance at half full is $3,125 and is $6,250 at full.
100% of rent goes to repayments until 50% of loan is paid (accelerated pay off), then 50% of rent continues to go to repayment until fully paid off, while the other 50% of rent goes to the Operating Reserve. Rent yield to owners resume when the Operating Reserve is full.
Single Family Home located in Redford Township, Michigan.
Details
- Two stories, recently renovated bungalow
- Freshly painted and has brand new flooring throughout
- 2 bedrooms downstairs and 1 bedroom upstairs
- Detached garage in a fenced backyard
- Located less than a block from Claude Allison Park with great access to local freeways, schools, shops and restaurants
- Evernest is holding $5,910.53 in operating cash for this property to cover unpaid bills from other properties. The Operating Reserve balance reflects what it will be once the funds are released, since these funds are owed to the property. Once the outstanding bills are settled, the cash will be transferred. Learn more here.
Property Management and Insurance
- Managed by Evernest Institutional Services
- Insurance Policy through Obie Insurance
Occupancy Status (Delinquent)
- Tenant owes a balance of $520
- 1 year lease (12/21/2023 - 12/20/2024)
- $1,300/month
- $1,950 Security Deposit
- Lease Agreement
Location Data
- "C+" Rating for Zip Code on Niche
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
Redford, MI
Redford, MI 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
Governance Results:
The Governance Voting results are back for the vote to accept, deny, or counter the offer of $115k.
The winning vote is:
Accept the offer of $115k
This voting option was declared the winner in Round 2 with 819 token votes via the Ranked Choice Voting method.
The voting results can be found on chain here or by searching the application ID: 2887246422
The purchase contract will be signed and the listing agent will follow up with any updates on the closing process.
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
$1,350
Monthly Rent
$1,049
Monthly Expenses
$301
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
18474 Glenmore St
Redford, MI 48240
About
Property originally listed for sale on the marketplace by JHJ Investment Properties, LLC.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Updated as of 5/15/2025:
Owners have voted to list the property for sale. See the "Property Updates" section below for more details.
Owners voted to do a Capital Call for $7,500 to complete the turn repairs and rent the property out again.
After adding the interest rate of 8.5% to the $7,150 Capital Call, the total amount owed is $8,137.50.
The current Capital Call balance is $1,355.10. The Operating Reserve balance is -$10,116, which includes unpaid bills. The Operating Reserve balance at half full is $3,125 and is $6,250 at full.
100% of rent goes to repayments until 50% of loan is paid (accelerated pay off), then 50% of rent continues to go to repayment until fully paid off, while the other 50% of rent goes to the Operating Reserve. Rent yield to owners resume when the Operating Reserve is full.
Single Family Home located in Redford Township, Michigan.
Details
- Two stories, recently renovated bungalow
- Freshly painted and has brand new flooring throughout
- 2 bedrooms downstairs and 1 bedroom upstairs
- Detached garage in a fenced backyard
- Located less than a block from Claude Allison Park with great access to local freeways, schools, shops and restaurants
- Evernest is holding $5,910.53 in operating cash for this property to cover unpaid bills from other properties. The Operating Reserve balance reflects what it will be once the funds are released, since these funds are owed to the property. Once the outstanding bills are settled, the cash will be transferred. Learn more here.
Property Management and Insurance
- Managed by Evernest Institutional Services
- Insurance Policy through Obie Insurance
Occupancy Status (Delinquent)
- Tenant owes a balance of $520
- 1 year lease (12/21/2023 - 12/20/2024)
- $1,300/month
- $1,950 Security Deposit
- Lease Agreement
Location Data
- "C+" Rating for Zip Code on Niche
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
Redford, MI
Redford, MI 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
Governance Results:
The Governance Voting results are back for the vote to accept, deny, or counter the offer of $115k.
The winning vote is:
Accept the offer of $115k
This voting option was declared the winner in Round 2 with 819 token votes via the Ranked Choice Voting method.
The voting results can be found on chain here or by searching the application ID: 2887246422
The purchase contract will be signed and the listing agent will follow up with any updates on the closing process.
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
$1,350
Monthly Rent
$1,049
Monthly Expenses
$301
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.