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3535 Debby Dr
3535 Debby Dr
Memphis, TN 38127
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.
Updated as of 5/15/2025:
The Operating Reserve balance (-$179) is below half full.
Owners voted to apply 100% of the cash flow until the reserve is half full ($2,500) and apply 50% of cash flow until the reserve is full ($5,000).
Based on the projected monthly cash flow ($659), it will take ~4.1 months for the reserve to be half full and an additional ~7.6 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.
Single Family Home located in Memphis, Tennessee.
Details
- Fully renovated in 2021
- New kitchen cabinet hardware, new kitchen sink faucets, new basic vent hood, refinished bathtub/shower, repaired house roof, refinished hardwood floors, 2 new glass windows, new window blinds, new fan, updated electrical, new light fixtures, tied in condenser to existing furnace, repaired siding, interior & exterior paint.
- Located on a 10,454 sq ft lot
- Built in 1966
Property Management and Insurance
- Managed by HomeRiver Group Memphis
- Insurance Policy through Obie Insurance
Occupancy Status
- Vacant
- Property manager will obtain multiple turn repair estimates
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
Memphis, TN
Memphis is a major logistics hub, home to FedEx’s global headquarters and superhub along with major rail, river, and interstate connections. St. Jude Children’s Research Hospital and a strong healthcare sector add to the job base. Its music heritage, Mississippi River setting, and a cost of living well below the national average make it an affordable place to own, and a large renter population supports steady demand.
Property Updates
Governance Results:
The Governance Voting results are back for the vote to accept, deny, or counter the offer of $77.5k.
The winning vote is:
Accept the offer of $77.5k
This voting option was declared the winner in Round 1 via the Ranked Choice Voting method with 487 token votes.
The voting results can be found on chain here or by searching the application ID: 2788347536
The purchase agreement will be signed and the listing agent will provide further updates about the closing process.
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
3535 Debby Dr
Memphis, TN 38127
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.
Updated as of 5/15/2025:
The Operating Reserve balance (-$179) is below half full.
Owners voted to apply 100% of the cash flow until the reserve is half full ($2,500) and apply 50% of cash flow until the reserve is full ($5,000).
Based on the projected monthly cash flow ($659), it will take ~4.1 months for the reserve to be half full and an additional ~7.6 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.
Single Family Home located in Memphis, Tennessee.
Details
- Fully renovated in 2021
- New kitchen cabinet hardware, new kitchen sink faucets, new basic vent hood, refinished bathtub/shower, repaired house roof, refinished hardwood floors, 2 new glass windows, new window blinds, new fan, updated electrical, new light fixtures, tied in condenser to existing furnace, repaired siding, interior & exterior paint.
- Located on a 10,454 sq ft lot
- Built in 1966
Property Management and Insurance
- Managed by HomeRiver Group Memphis
- Insurance Policy through Obie Insurance
Occupancy Status
- Vacant
- Property manager will obtain multiple turn repair estimates
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
Memphis, TN
Memphis is a major logistics hub, home to FedEx’s global headquarters and superhub along with major rail, river, and interstate connections. St. Jude Children’s Research Hospital and a strong healthcare sector add to the job base. Its music heritage, Mississippi River setting, and a cost of living well below the national average make it an affordable place to own, and a large renter population supports steady demand.
Property Updates
Governance Results:
The Governance Voting results are back for the vote to accept, deny, or counter the offer of $77.5k.
The winning vote is:
Accept the offer of $77.5k
This voting option was declared the winner in Round 1 via the Ranked Choice Voting method with 487 token votes.
The voting results can be found on chain here or by searching the application ID: 2788347536
The purchase agreement will be signed and the listing agent will provide further updates about the closing process.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
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
$0.00
Monthly Rent
$0.00
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.