The owner and Property Manager, Prosper N., is selling a portion of his property's equity on the Lofty marketplace. He plans to keep 50% - 60% ownership in the property. Prosper has been investing in properties on Lofty since April, 2022 and has owned this property since June, 2022.
Prosper is a Superhost on Airbnb with a rating of 4.93 stars and will continue to manage the property after selling a portion of his equity. Click here to view the Airbnb Listing
The property has a loan of $560,000 which will be paid in full by August 1, 2052. The lender has approved the owner to sell their equity on the Lofty Marketplace. The seller must continue to make monthly payments on their loan balance, as the lender has first lien on the property. Investors on Lofty do not pay a portion of the debt payments.
The Rental Yield of 8.38% is based on the equity value of $370,400 (Total Investment Value - Debt).
Click here to learn how property owners sell partial ownership of their properties on the Lofty Marketplace.
Luxury Vacation Rental located in Atlanta, Georgia
Details
- Built in 2021
- Fully furnished, professionally designed townhome located in Midtown Atlanta, the perfect location for walking to popular attractions, great restaurants, and amazing nightlife.
- Enjoy breathtaking views of the Atlanta Skyline from the furnished rooftop of this beautifully designed townhome.
- Property features an additional bohemian studio which averages a supplemental $1,350 - $1,390 per month on medium-term rentals.
- Key Features:
- 2 luxe suites; 1 king, 1 double
- 2 full bathrooms + 1 half bath
- Full kitchen w/ modern stainless steel appliances + complimentary coffee bar
- Spacious living room; stylish furnishings + 65” flat-screen Smart TV
- Incredible rooftop lounge w/ views of downtown Atlanta, BBQ, fire pit + outdoor TV
- Full-size washer + dryer
- High-speed WiFi + designated workspace
- Private parking for two vehicles in the garage
- Central location; just a few blocks from bars, restaurants + top attractions
- Premium add-ons available: rooftop hookah, private chef, early check-in + more
- The closing costs include $77k for furniture, $20k for interior design & furniture installation, $10,850 for loan closing costs, and $2,000 for an inspection report, appraisal, and Quitclaim deed.
Property Management and Insurance
- Managed by the seller, a Superhost on Airbnb with 4.93 stars
- Insurance Policy from Proper Insurance Services, LLC
Occupancy Status
- Short-term rental Superhost with 4.93/5 stars on Airbnb, VRBO, booking.com, and more.
- View Airbnb Listing
- Owners will begin receiving daily rent on the same day they invest via a rent credit.
- In late September, the seller will launch and pay for a marketing campaign with the goal of increasing the property's revenue by over 80%. The revenue in July was $7,231. At 30% higher revenue ($9,400), the seller's management fee will increase from 20% of gross rent to 25%. At 60% higher revenue ($11,569), the fee will increase to 32.5%. At 80% or higher ($13,015+), their fee will increase to 40% of gross rent.
Airbnb Reviews
Location Data
Due Diligence Documents
