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19416 Winston St
19416 Winston St
Detroit, MI 48219
About
Property Overview
Property originally listed for sale on the marketplace by MFR 5, LLC. Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Single Family Home | Detroit, Michigan
Property Details
- Type: Redbrick home featuring hardwood flooring and a large backyard with a detached 2-car garage.
- Renovations: Fully renovated in 2021.
- Interior Upgrades: New vinyl plank flooring, new carpet in bedrooms, 8 new interior doors with new hardware, new blinds, and fresh interior paint.
- Kitchen & Bath: Updated kitchen with tile-work and white cabinets; updated bathroom.
- Basement: Includes a living room, fireplace, and a mini bar.
- Exterior & Systems: Scraped and painted windows, realigned storm door, new backdoor steps/landing, new soffits and gutters, new plumbing, and new electrical.
- Location: Situated near Fargo-Fenton park, between Grand River Ave and Telegraph Rd.
Occupancy Status (Delinquent)
- Current Status: Occupied (Tenant owes May rent of $1,215.65)
- Lease Term: 1 year lease renewal (05/04/2025 to 05/03/2026)
- Monthly Rent: $1,220/month
- Security Deposit: $1,175
- Note: The leasing fee is $587.50 and will be paid with May's rent.
- Documentation: Lease Agreement
Property Management & Location
- Management: Managed by Whalec Property Management.
- Insurance Provider: Obie Insurance | View Policy
- Neighborhood Rating: 1.5/5 on Roofstock.
- Zip Code Rating: "C" Rating on Niche.
Due Diligence Documents
- HouseCanary Property Valuation Report
- Purchase Agreement
- Operating Agreement
- Closing Statement | Property Deed
- View All Documents
Holding Funds & Loan Information
Governance Notice: Owners voted to list the property for sale. View the "Property Updates" section for further details.
- Capital Call: Owners voted for a $7,000 Capital Call to complete the turn repairs. [Agreement Link]
- Operating Cash Note: Evernest is holding $2,675.5 in operating cash for this property to cover unpaid bills from other properties.
- Details: The Operating Reserve balance reflects what it will be once the funds are released. Once the outstanding bills are settled, the cash will be transferred.
- Resource: Learn more here.
Property Management
Whalec Property Management
Whalec Property Management LLC is a specialized property management company with proven experience in the Lofty marketplace ecosystem. Led by Alec Vanbeek, the company brings a unique understanding of tokenized real estate management and the specific requirements of properties with distributed ownership structures.
Due Diligence Documents
About this offering
The Market
Detroit, MI
Detroit, 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 for 19416 Winston St:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
FOR the Sale (YES)
This voting option received 328 / 423 votes, which is equal to 77.54% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3604095285
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
19416 Winston St
Detroit, MI 48219
About
Property Overview
Property originally listed for sale on the marketplace by MFR 5, LLC. Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Single Family Home | Detroit, Michigan
Property Details
- Type: Redbrick home featuring hardwood flooring and a large backyard with a detached 2-car garage.
- Renovations: Fully renovated in 2021.
- Interior Upgrades: New vinyl plank flooring, new carpet in bedrooms, 8 new interior doors with new hardware, new blinds, and fresh interior paint.
- Kitchen & Bath: Updated kitchen with tile-work and white cabinets; updated bathroom.
- Basement: Includes a living room, fireplace, and a mini bar.
- Exterior & Systems: Scraped and painted windows, realigned storm door, new backdoor steps/landing, new soffits and gutters, new plumbing, and new electrical.
- Location: Situated near Fargo-Fenton park, between Grand River Ave and Telegraph Rd.
Occupancy Status (Delinquent)
- Current Status: Occupied (Tenant owes May rent of $1,215.65)
- Lease Term: 1 year lease renewal (05/04/2025 to 05/03/2026)
- Monthly Rent: $1,220/month
- Security Deposit: $1,175
- Note: The leasing fee is $587.50 and will be paid with May's rent.
- Documentation: Lease Agreement
Property Management & Location
- Management: Managed by Whalec Property Management.
- Insurance Provider: Obie Insurance | View Policy
- Neighborhood Rating: 1.5/5 on Roofstock.
- Zip Code Rating: "C" Rating on Niche.
Due Diligence Documents
- HouseCanary Property Valuation Report
- Purchase Agreement
- Operating Agreement
- Closing Statement | Property Deed
- View All Documents
Holding Funds & Loan Information
Governance Notice: Owners voted to list the property for sale. View the "Property Updates" section for further details.
- Capital Call: Owners voted for a $7,000 Capital Call to complete the turn repairs. [Agreement Link]
- Operating Cash Note: Evernest is holding $2,675.5 in operating cash for this property to cover unpaid bills from other properties.
- Details: The Operating Reserve balance reflects what it will be once the funds are released. Once the outstanding bills are settled, the cash will be transferred.
- Resource: Learn more here.
Property Management
Whalec Property Management
Whalec Property Management LLC is a specialized property management company with proven experience in the Lofty marketplace ecosystem. Led by Alec Vanbeek, the company brings a unique understanding of tokenized real estate management and the specific requirements of properties with distributed ownership structures.
Due Diligence Documents
Offering Details
The Market
Detroit, MI
Detroit, 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 for 19416 Winston St:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
FOR the Sale (YES)
This voting option received 328 / 423 votes, which is equal to 77.54% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3604095285
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
$1,220.00
Monthly Rent
$1,220.00
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.