Lofty 1821 Donetto Dr

New Construction Home located outside Austin, Texas

Offering Details

• The owner and Property Manager, Shubham Sethi, is selling a portion of his equity on the Lofty Marketplace.
• Shubham will buy back all of his equity in 6 years for a total of 12% appreciation for investors. There is no fee when equity is bought back, and investors can still trade their tokens on the Lofty marketplace anytime.
• This property has a loan of $424,486. View the current loan balance here.
• The Rental Yield is based on the equity value of $213,214 (Total Investment Value minus Debt). As Shubham pays down the debt payments himself in full, his equity percentage in the property will increase and the equity percentage of investors on Lofty will decrease proportionally.
• View additional terms here.

Property Details

• New Construction home built in 2022 by Taylor Morrison Home Builder.
• This 5 bedroom, 4 bathroom, 1.5 story single family home features a spacious formal dining area that's the perfect space to host dinner parties.
• The open-concept kitchen overlooks the living room and has a quartz central island, tons of cabinets for storage, ample counterspace, and state-of-the-art appliances for the inspired home chef.
• The welcoming living room has a wall of windows that stream in lots of natural light. The 3 secondary bedrooms on the main floor are situated on the opposite side of the primary bedroom, with one secondary bedroom having an en-suite bathroom.
• The large private primary bedroom has a luxurious en-suite bathroom, accessed by elegant French doors, with a dual vanity, walk-in closet, and both a stand-in shower and a soaking tub.
• The stairs lead up to the spacious game room for entertainment, and another secondary bedroom.
• The expansive backyard is an entertainer's dream with an extended covered patio that's a perfect space for grilling BBQ with friends, or a relaxing place to drink your morning coffee, and vast amounts of greenspace for gardening.

Property Management and Insurance

• Managed by the seller, Shubham Sethi
• Insurance Policy from Travelers

Occupancy Status

• Month-to-month lease until 07/15/2024
• The tenant has lived in the property for two years and has the option to extend their lease once it ends on 7/15
• $3,100/month
• $3,100 Security Deposit
• Lease Agreement
• Lease Agreement Extension

Location Data

• "A" Rating for Zip Code on Niche

Due Diligence Documents

• Warranty Deed
• Appraisal
• Inspection Report
• Home Warranty
• Operating Agreement
• View All Documents