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7480 Halpin Dr.
7480 Halpin Dr.
St. Louis, Missouri 63135
About
Property originally listed for sale on the marketplace by Bob Canaday with Top Real Estate Professionals, Inc.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Owners voted to list the property for sale for $125,000. See the "Property Updates" section below for more details.
The Operating Reserve balance (-$14,263) is below half full.
Owners voted to apply 100% of cash flow to replenish the reserve until it is half full ($2,600), and then apply 50% of cash flow until the reserve is full ($5,200).
Based on the projected monthly cash flow ($814) if the property is rented again (assuming $1,095/month), it will take ~20.7 months for the reserve to be half full and ~6.4 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 St. Louis, Missouri.
Details
- Fully renovated in 2021
- Remodeled kitchen with granite countertops, undermount sink, custom backsplash, new vinyl plank flooring, remodeled bathrooms, partially finished basement, and fresh paint
- Oversized yard
- Rear wood deck
- Located just a few blocks from the Norwood Hills Country Club
- Tenant pays $95/month for utilities (water & sewer) which cost $77/month, generating $18/month in additional profit for owners.
- 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 PM initiated the process of obtaining the Certificate of Compliance for occupancy.
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
St. Louis, Missouri
St. Louis offers big-city amenities at some of the lowest home prices of any major U.S. metro. BJC HealthCare, Washington University, Saint Louis University, and a growing biotech sector anchor the job market. Forest Park’s free museums and zoo, the Gateway Arch, and MetroLink light rail add to the quality of life, and a large renter population supports steady demand.
Property Updates
Governance Results:
The Governance Voting results are back for the vote to either accept or deny the buyer's requested repair credit of $7,179 at closing.
The winning vote is:
Accept the repair credit.
This option received 1,027 / 1,079 token votes, which is equal to 95.1% of the total votes.
The updated signed contract can be viewed here.
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
7480 Halpin Dr.
St. Louis, Missouri 63135
About
Property originally listed for sale on the marketplace by Bob Canaday with Top Real Estate Professionals, Inc.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Owners voted to list the property for sale for $125,000. See the "Property Updates" section below for more details.
The Operating Reserve balance (-$14,263) is below half full.
Owners voted to apply 100% of cash flow to replenish the reserve until it is half full ($2,600), and then apply 50% of cash flow until the reserve is full ($5,200).
Based on the projected monthly cash flow ($814) if the property is rented again (assuming $1,095/month), it will take ~20.7 months for the reserve to be half full and ~6.4 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 St. Louis, Missouri.
Details
- Fully renovated in 2021
- Remodeled kitchen with granite countertops, undermount sink, custom backsplash, new vinyl plank flooring, remodeled bathrooms, partially finished basement, and fresh paint
- Oversized yard
- Rear wood deck
- Located just a few blocks from the Norwood Hills Country Club
- Tenant pays $95/month for utilities (water & sewer) which cost $77/month, generating $18/month in additional profit for owners.
- 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 PM initiated the process of obtaining the Certificate of Compliance for occupancy.
Location Data
Due Diligence Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
St. Louis, Missouri
St. Louis offers big-city amenities at some of the lowest home prices of any major U.S. metro. BJC HealthCare, Washington University, Saint Louis University, and a growing biotech sector anchor the job market. Forest Park’s free museums and zoo, the Gateway Arch, and MetroLink light rail add to the quality of life, and a large renter population supports steady demand.
Property Updates
Governance Results:
The Governance Voting results are back for the vote to either accept or deny the buyer's requested repair credit of $7,179 at closing.
The winning vote is:
Accept the repair credit.
This option received 1,027 / 1,079 token votes, which is equal to 95.1% of the total votes.
The updated signed contract can be viewed here.
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.