Lofty 5424 49th St

Single Family Home located in Lubbock, TX.

Offering Details

• Austin Hughes, with Thunder Sun Homes, transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
• Tokens represent direct ownership in the LLC that owns the property. Austin will maintain at least 10% ownership in the LLC indefinitely.
• View proof of Austin's ownership prior to the title transfer and proof of title transfer here. View the LLC documents here.

Property Details

• The property details below have been provided by Austin.
• This is an outstanding opportunity to invest in one of Lubbock’s most sought-after rental neighborhoods. This single-family home, offering 4 bedrooms and 2 bathrooms across 1,676 sq. ft., is a prime choice for investors seeking strong returns and high demand from tenants.
• Property Highlights:
  • EXTREMELY HIGH RENTAL DEMAND: Both times this property has become available, it has rented almost immediately, with multiple interested parties competing for it. It rented so fast this time that we didn't even have time to get the photographer in there between construction finishing and tenants moving in. (Photos show tenants belongings after move-in.) While it doesn't make the photos the best they can be, it certainly does show the high demand this property has brought!
  • Rent Growth Expected: The property has a history of being rented out almost immediately upon availability, ensuring minimal vacancy and consistent rental income. Currently tenant-occupied at $1,600 per month. With the extremely high demand, upon vacancy next time, we expect to be able to command a premium rent price above the current amount.
  • Affordable 4-Bedroom Home: Offering an excellent value for investors, this spacious 4-bedroom property is a rare find in a market where homes like this are in constant demand.
  • Ideal Location: Located in a prime investor neighborhood in Lubbock, a city known for its economic stability, this property offers both rental income and potential appreciation.
• Why Invest with Austin & Thunder Sun Homes?
  • With a proven track record of managing 532 rental units, including houses, duplexes, multifamily properties, and mobile home parks, Thunder Sun Homes is a trusted name in the real estate market. Our core value of "treating people like gold" ensures exceptional tenant relationships and high retention rates, leading to consistent returns for investors.
  • Exceptional ROI: This investment offers a total ROI of 16.1%, well above industry averages. Investors can enjoy strong cash-on-cash returns and the potential for appreciation over time.
  • Professional Property Management: As with all our properties, Thunder Sun Homes will handle the day-to-day management, ensuring smooth operations and maximum profitability. Our hands-on approach ensures that this property remains in high demand for years to come.
• Don't miss your chance to invest in this high-demand rental property in one of Lubbock’s most stable and desirable markets. Contact us today to learn more!

More About the Seller

• Born in Lubbock, TX, and raised in Houston, Austin Hughes has always been driven by a passion for self-improvement and excellence, both in academics and sports. In 2012, Austin returned to Lubbock to attend Texas Tech University, where his dedication to real estate investing began to take shape. Studying real estate extensively outside the regular curriculum, he founded Thunder Sun Homes during his senior year in September 2015.
• Since its inception, Thunder Sun Homes has flourished under Austin's leadership. With over 100 properties flipped and a growing portfolio exceeding 500 rental units and notes receivable, the company has become a powerhouse in the real estate industry. As CEO, Austin oversees the financial operations, supported by a skilled team that includes an operations manager, construction project manager, marketing specialist, transaction coordinator, full property management team, and an acquisitions team.
• One of Thunder Sun Homes' greatest strengths is its versatility in handling various types of remodels and investment strategies. From flipping and renting to owner financing and vacation rentals, the company maximizes every investment opportunity. Austin firmly believes that having a multitude of options is key to holding power in the real estate market.
• In addition to his business achievements, Austin is dedicated to fostering a strong community of real estate investors locally. He does this through the monthly Lubbock REI Group that he hosts. This event offers education and networking opportunities, where Austin shares the strategies and tactics that have propelled him to success.
• Outside of real estate, Austin enjoys jiu jitsu, playing piano, and singing in the worship band at church. With a consistent weightlifting routine spanning 15 years and a competitive spirit in judo, having twice won bronze medals at the state championships, he brings the same dedication to his personal pursuits as he does to his professional ones. A passionate cook and food enthusiast, Austin approaches every challenge with zeal and determination, aiming to leave a lasting legacy.
• Join Austin Hughes and Thunder Sun Homes in transforming real estate investments into lucrative opportunities. With a proven track record and a dynamic approach, Austin is committed to helping investors achieve exceptional returns.

Property Management and Insurance

• Managed by the seller, Austin Hughes, with Thunder Sun Homes
• Property Management Agreement
• Insurance Policy from Homesite Insurance Company.

Property Leverage

• This property has a loan balance of $95,554. View the loan documents here
• As the seller, Austin Hughes 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

• 1 year lease (08/01/2024 - 08/20/2025)
• $1,600/month
• Lease Agreement

Location Data

• "A-" Rating for Zip Code on Niche

Due Diligence Documents

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