Lofty 20 Sederholm Path

Single Family Home built in 2019 in Palm Coast, Florida

Offering Details

The owner, Neldy Rameau, is selling a portion of his equity on the Lofty Marketplace.
The property is managed by Calixte Duffaut. Cal also owns and manages the following properties on the Lofty Marketplace: 402 N Wild Olive Ave & 122 Florida Park Dr. Calixte owns 5.5% of the total equity in this property.
This property has a loan of $157,000. The loan agreement can be viewed here.
The Rental Yield is based on the equity value of $124,700 (Total Investment Value minus Debt). As Neldy 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.

Charming 3 bedroom, 2 bathroom home built in 2019.
The exterior boasts professional landscaping, featuring a pristine lawn and a paved driveway.
Inside, a bright and inviting atmosphere awaits, adorned with stylish furniture and tasteful decorations.
Surrounded by natural beauty, including parks, nature preserves, and hiking trails. Washington Oaks Gardens State Park and Bulow Creek State Park are popular destinations for outdoor enthusiasts.
The Palm Coast area is known for its family-friendly atmosphere, with good schools, safe neighborhoods, and plenty of parks and recreational facilities for children.
The property appraised for $295,000 and the owner is listing it at $288,000.

1 year lease (04/10/2024 - 04/09/2025)
$2,100/month
$2,100 Security Deposit
The owner, Neldy Rameau, signed a lease-back agreement and is renting the property. If Neldy moves out and a new tenant moves in at a rental rate below $2,100/month, Neldy will provide a rent credit to maintain a rental rate of $2,100 indefinitely.
Lease Agreement