Lofty 6601 E Hearn Rd

Guest Favorite Luxury Short-term Rental located in Scottsdale, Arizona.

Offering Details

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

Property Details

• Guest favorite Short-term rental with two years of history and $120,000 in gross revenue Year to Date (2024) as of June. View Year to Date P&L.
• The highest revenue months are from September through April. The rental yield in March, 2024 was 31.8% and the rental yield in April, 2024 was 23.9%.
• Managed by Travli Hospitality, a Superhost on Airbnb with over 6,000 reviews and a 4.91/5 rating. View Superhost Profile.
• View Airbnb link
• View past & future booking reservations through April, 2025
• This private entertainers resort-style compound has it all: 5 bedrooms, 4 baths, high-tech gym, billiards room, coffee/wine bar.
• The property sits on 3/4-acre grounds with regulation pickleball, half basketball, regulation bocce ball, 6-hole contoured putting green, hot tub, heated pool, swim-up bar, sunken Cabana w/TV, heater & BBQ.
• 3500 sq ft living space with two-way fireplace, massive sofa, 65" Smart TV
• Formal dining room for 8, fully stocked kitchen with white shaker cabinets
• Primary Suite with king bed, Smart TV, walk-in closet, patio access, en-suite bathroom
• Additional guest suites, gym, and private casita with separate entrance
• Large covered patio, outdoor dining, lounge areas, daybed
• Secluded patio with fire pit and seating

Property Management and Insurance

• Managed by Travli Hospitality, a Superhost on Airbnb with over 6,000 reviews and a 4.91/5 rating. View Superhost Profile.
• Insurance Policy from Safeco Insurance.

Property Leverage

• This property has a loan balance of $1,535,586.20 View the loan documents here
• As the seller, Dan Golden 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.

Occupancy Status

• Short-term rental on Airbnb & VRBO
• View Airbnb listing
• View past & future booking reservations
• The City of Phoenix short-term registration number for this property is 2022-2834

Location Data

• "A" Rating for Zip Code on Niche

Due Diligence Documents

• Quitclaim Deed
• Title Report
• Past & future booking reservations
• Appraisal
• Inspection Report
• Operating Agreement
• View All Documents