Lofty 14705 Fairland Dr

Single Family Home Built in 2013 located outside Austin, TX.

Offering Details

Joshua Duehring is selling a portion of his property's equity on the Lofty marketplace. Joshua will maintain at least 10% equity in the property indefinitely.

Versatile 3 bedroom, 2.5 bath home built in 2013
Shady front porch and spacious backyard with green space view
Includes a dedicated office, dining room, and large kitchen with a generous eating area
Features two living spaces and a primary suite with a light-filled sitting area
Located in the North Austin, Pflugerville corridor
Close to major employers such as Amazon, Dell, Apple, GM, Samsung, Seton, and St. David- The roof is 10-11 years old. The house was built 2013/2014.
Joshua advised that the Heating and Air are under warranty and are serviced every 3-6 months and there are no issues with A/C or Heater. Carbon Monoxide detectors are not necessary as the house is not plumbed for natural gas, it is electric only. There are no current leaks.

This property has a loan balance of $382,500. View the loan documents here.
As the seller, Joshua Duehring pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.
Joshua plans to use 100% of the proceeds from selling his equity to pay down his loan faster.