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432 W Peebles Rd
432 W Peebles Rd
Memphis, TN 38109
About
Single-family home located in Memphis, Tennessee. Fully renovated in April 2022 with exterior updates including a new roof, front porch, fenced yard, and landscaped lawn, and interior updates including fresh paint, vinyl plank flooring, and new carpeting. The property includes central heat and air with an HVAC system less than 5 years old, along with security and storm doors with blinds. The property is currently occupied on a 1-year lease from 06/01/2024 to 05/31/2025 at $968 per month, increased from $895, with a $895 security deposit. The tenant currently owes an outstanding balance of $968.
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
Memphis, TN
Memphis, TN 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
Owner-Proposed Governance Vote for 432 W Peebles Rd:
An owner of S&P Property Management, with the following wallet address, is proposing a governance vote.
This owner holds 2 shares in this property.
The owner's reasoning is below, word-for-word:
*Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
This vote is to change Property Management from Whalec PM to S&P PM LLC:
To more effectively assist Alec & Whalec Property Management LLC in selling the property. S&P Property Management LLC is going to take over coordination of property repairs and sale of the property using the ULD funds. We will assume the loan repayments and all terms outlined in the ULD/ Peebles Governance votes to seek a sale of the property prior to September, at the latest.
Vote to Change PMs:
Yes
No
The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, May 26th, once the voting period ends.
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
$295
Monthly Expenses
-$295
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
$49.13
432 W Peebles Rd
Memphis, TN 38109
About
Single-family home located in Memphis, Tennessee. Fully renovated in April 2022 with exterior updates including a new roof, front porch, fenced yard, and landscaped lawn, and interior updates including fresh paint, vinyl plank flooring, and new carpeting. The property includes central heat and air with an HVAC system less than 5 years old, along with security and storm doors with blinds. The property is currently occupied on a 1-year lease from 06/01/2024 to 05/31/2025 at $968 per month, increased from $895, with a $895 security deposit. The tenant currently owes an outstanding balance of $968.
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
Memphis, TN
Memphis, TN 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
Owner-Proposed Governance Vote for 432 W Peebles Rd:
An owner of S&P Property Management, with the following wallet address, is proposing a governance vote.
This owner holds 2 shares in this property.
The owner's reasoning is below, word-for-word:
*Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
This vote is to change Property Management from Whalec PM to S&P PM LLC:
To more effectively assist Alec & Whalec Property Management LLC in selling the property. S&P Property Management LLC is going to take over coordination of property repairs and sale of the property using the ULD funds. We will assume the loan repayments and all terms outlined in the ULD/ Peebles Governance votes to seek a sale of the property prior to September, at the latest.
Vote to Change PMs:
Yes
No
The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, May 26th, once the voting period ends.
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
$295
Monthly Expenses
-$295
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.