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251 Wachtel Ave
251 Wachtel Ave
St Louis, MO 63125
About
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.
Owners voted to list the property for sale to pay off the previous Capital Call of $11,650. See the "Property Updates" section below for more details.
Owners voted to do a Capital Call for $11,650 to pay for unpaid bills and replenish the Operating Reserve.
The interest rate paid to owners contributing funds to the Capital Call 13.5% per annum, compounded monthly, with a two year repayment period.
The current Capital Call balance is $13,239.24. The Operating Reserve balance is -$8,805 which includes unpaid bills. The Operating Reserve balance at half full is $3,188 and $6,375 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 St. Louis, Missouri.
Details
- Fully renovated in 2021
- New kitchen cabinets, new laminate kitchen counters, new kitchen sink & faucet, new medicine cabinet in bathroom, new luxury vinyl plank flooring, repaired staircase, 11 new doors, repaired door frames, 2 new windows, new vinyl blinds throughout, new HVAC, repaired duct work, new electrical, repaired sewer, updated plumbing, new front handrails, repaired front porch, new gutters, repaired siding, landscaping, interior & exterior paint.
- Located on a 6,011 sq ft lot
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by Evernest
- Insurance Policy through Obie Insurance
Occupancy Status
- Vacant
- The property will need to pass a city inspection before it can be listed for rent
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
St Louis, MO
St Louis, MO 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
The Buyer switched from their current lender to a private lender so they have requested a few extra days for closing.
The Listing agent advised that this is a positive because there is no appraisal needed and we would just be waiting for the title work to be completed so that we can close.
With the condition of the property, the Listing Agent had reservations with the previous lender's approval.
The closing date has been changed to 9/5.
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
$0
Monthly Rent
$503
Monthly Expenses
-$503
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
251 Wachtel Ave
St Louis, MO 63125
About
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.
Owners voted to list the property for sale to pay off the previous Capital Call of $11,650. See the "Property Updates" section below for more details.
Owners voted to do a Capital Call for $11,650 to pay for unpaid bills and replenish the Operating Reserve.
The interest rate paid to owners contributing funds to the Capital Call 13.5% per annum, compounded monthly, with a two year repayment period.
The current Capital Call balance is $13,239.24. The Operating Reserve balance is -$8,805 which includes unpaid bills. The Operating Reserve balance at half full is $3,188 and $6,375 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 St. Louis, Missouri.
Details
- Fully renovated in 2021
- New kitchen cabinets, new laminate kitchen counters, new kitchen sink & faucet, new medicine cabinet in bathroom, new luxury vinyl plank flooring, repaired staircase, 11 new doors, repaired door frames, 2 new windows, new vinyl blinds throughout, new HVAC, repaired duct work, new electrical, repaired sewer, updated plumbing, new front handrails, repaired front porch, new gutters, repaired siding, landscaping, interior & exterior paint.
- Located on a 6,011 sq ft lot
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by Evernest
- Insurance Policy through Obie Insurance
Occupancy Status
- Vacant
- The property will need to pass a city inspection before it can be listed for rent
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
St Louis, MO
St Louis, MO 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
The Buyer switched from their current lender to a private lender so they have requested a few extra days for closing.
The Listing agent advised that this is a positive because there is no appraisal needed and we would just be waiting for the title work to be completed so that we can close.
With the condition of the property, the Listing Agent had reservations with the previous lender's approval.
The closing date has been changed to 9/5.
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
$0
Monthly Rent
$503
Monthly Expenses
-$503
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.