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5003 Deneen Dr
5003 Deneen Dr
Memphis, TN 38109
About
Property Overview
Property originally listed for sale on the marketplace by MFR 5, LLC. Click here to learn more about how third parties list their properties on the Lofty Marketplace.
Single Family Home | Memphis, Tennessee
Property Details
- Type: 3 bedroom, 1.5 bathroom Ranch-style home (Built in 1986).
- Location: Situated in the Whitehaven area on a level 0.24-acre lot (10,454 sq ft).
- Renovations: Updated in 2021 with new kitchen and bathrooms, new vinyl plank flooring, and new interior/exterior paint.
- Key Features: Living room/dining room combo, good-sized kitchen, and updated exterior lighting.
Occupancy Status
| Status | Monthly Rent | Lease Term | Security Deposit | Documentation |
|---|---|---|---|---|
| Occupied | $940 | 1-year renewal (05/08/25 – 05/07/26) | $1,800 | Lease Agreement |
Note: The tenant was previously on a 1-year lease (05/08/2024 – 05/07/2025) at $900/month.
Property Management & Location
- Management: Managed by Whalec Property Management.
- Insurance Provider: Obie Insurance | View Policy
- Neighborhood Rating: 2.5/5 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 have voted to list the property for sale. Refer to the "Property Updates" section for additional status.
- Capital Call: Owners voted for a $21,050 Capital Call to pay off the existing loan and raise funds for essential repairs. [View Agreement Link]
- DAO Debt: The DAO LLC currently owes $10,893 for unpaid bills and repair credits.
- Current Status: A governance vote has been issued to determine how owners would prefer to settle repairs.
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 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 for 5003 Deneen Dr:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
YES – Authorize Alec VanBeek / Whalec Property Management LLC to sell the property for maximum value without further governance votes.
This voting option received 1067 / 1150 token votes, which is equal to 93% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3215946054
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
5003 Deneen Dr
Memphis, TN 38109
About
Property Overview
Property originally listed for sale on the marketplace by MFR 5, LLC. Click here to learn more about how third parties list their properties on the Lofty Marketplace.
Single Family Home | Memphis, Tennessee
Property Details
- Type: 3 bedroom, 1.5 bathroom Ranch-style home (Built in 1986).
- Location: Situated in the Whitehaven area on a level 0.24-acre lot (10,454 sq ft).
- Renovations: Updated in 2021 with new kitchen and bathrooms, new vinyl plank flooring, and new interior/exterior paint.
- Key Features: Living room/dining room combo, good-sized kitchen, and updated exterior lighting.
Occupancy Status
| Status | Monthly Rent | Lease Term | Security Deposit | Documentation |
|---|---|---|---|---|
| Occupied | $940 | 1-year renewal (05/08/25 – 05/07/26) | $1,800 | Lease Agreement |
Note: The tenant was previously on a 1-year lease (05/08/2024 – 05/07/2025) at $900/month.
Property Management & Location
- Management: Managed by Whalec Property Management.
- Insurance Provider: Obie Insurance | View Policy
- Neighborhood Rating: 2.5/5 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 have voted to list the property for sale. Refer to the "Property Updates" section for additional status.
- Capital Call: Owners voted for a $21,050 Capital Call to pay off the existing loan and raise funds for essential repairs. [View Agreement Link]
- DAO Debt: The DAO LLC currently owes $10,893 for unpaid bills and repair credits.
- Current Status: A governance vote has been issued to determine how owners would prefer to settle repairs.
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 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 for 5003 Deneen Dr:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
YES – Authorize Alec VanBeek / Whalec Property Management LLC to sell the property for maximum value without further governance votes.
This voting option received 1067 / 1150 token votes, which is equal to 93% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3215946054
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
$900.00
Monthly Rent
$900.00
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.