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3429 W 8th St
3429 W 8th St
Cincinnati, OH 45205
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. See the "Property Updates" section below for more details.
The Operating Reserve balance (-$10,885) is below half full.
Owners voted to apply 100% of cash flow to replenish the reserve until it is half full ($3,875), and then apply 50% of cash flow until the reserve is full ($7,750).
Based on the monthly cash flow ($1,084), it will take ~13.6 months for the reserve to be half full and ~7.2 additional months to go from half full to 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.
Single Family Home located in Cincinnati, Ohio.
Details
- Fully renovated in 2021
- Updated kitchen, new appliances, new bathroom, new laminate flooring, 6 repaired windows, repaired drywall throughout, new door, new wooden handrails on stairs, new exterior wooden step at door, two new light fixtures on 1st floor, 2 new outdoor, lights, new hot water tank, interior & exterior paint.
- Spacious, freshly painted 6-room bungalow with large front porch and rear deck
- Abundant natural light
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by Berkshire Hathaway
- Insurance Policy through Obie Insurance
Occupancy Status
- 1 year lease (11/01/2023 - 10/31/2024)
- $1,350/month
- $2,700 Security Deposit
- The tenant will be responsible for all utilities.
- The tenant placement fee is $675 and will be deducted from November's rent.
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
Cincinnati, Ohio
Cincinnati is home to Fortune 500 headquarters like Procter & Gamble, Kroger, and Fifth Third, along with the University of Cincinnati and Cincinnati Children’s Hospital. Neighborhoods like Over-the-Rhine have seen major revitalization, with restored historic buildings, restaurants, and the streetcar drawing new residents. Riverfront parks, pro sports, and quick access to I-71 and I-75 round out a city that stays affordable for its size.
Property Updates
Governance Results:
The Governance Voting results are back for the governance vote 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.
This voting option received 2,099 / 2,224 token votes, which is equal to 94.4% of the total votes.
The voting results can be found on chain here or by searching the application ID: 2303666845
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
3429 W 8th St
Cincinnati, OH 45205
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. See the "Property Updates" section below for more details.
The Operating Reserve balance (-$10,885) is below half full.
Owners voted to apply 100% of cash flow to replenish the reserve until it is half full ($3,875), and then apply 50% of cash flow until the reserve is full ($7,750).
Based on the monthly cash flow ($1,084), it will take ~13.6 months for the reserve to be half full and ~7.2 additional months to go from half full to 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.
Single Family Home located in Cincinnati, Ohio.
Details
- Fully renovated in 2021
- Updated kitchen, new appliances, new bathroom, new laminate flooring, 6 repaired windows, repaired drywall throughout, new door, new wooden handrails on stairs, new exterior wooden step at door, two new light fixtures on 1st floor, 2 new outdoor, lights, new hot water tank, interior & exterior paint.
- Spacious, freshly painted 6-room bungalow with large front porch and rear deck
- Abundant natural light
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by Berkshire Hathaway
- Insurance Policy through Obie Insurance
Occupancy Status
- 1 year lease (11/01/2023 - 10/31/2024)
- $1,350/month
- $2,700 Security Deposit
- The tenant will be responsible for all utilities.
- The tenant placement fee is $675 and will be deducted from November's rent.
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
Cincinnati, Ohio
Cincinnati is home to Fortune 500 headquarters like Procter & Gamble, Kroger, and Fifth Third, along with the University of Cincinnati and Cincinnati Children’s Hospital. Neighborhoods like Over-the-Rhine have seen major revitalization, with restored historic buildings, restaurants, and the streetcar drawing new residents. Riverfront parks, pro sports, and quick access to I-71 and I-75 round out a city that stays affordable for its size.
Property Updates
Governance Results:
The Governance Voting results are back for the governance vote 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.
This voting option received 2,099 / 2,224 token votes, which is equal to 94.4% of the total votes.
The voting results can be found on chain here or by searching the application ID: 2303666845
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
$1,350.00
Monthly Rent
$1,350.00
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.