Lofty 605 Squires Row

Lofty 605 Squires Row

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Location
San Antonio, TX
Projected Return
5.95%

Company Description

Newly Renovated 4-Bedroom Vacation Rental in Castle Hills, just outside San Antonio, Texas.

Offering Details

  • Grant Wilson is transferring his property's deed to a new LLC and 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. Grant will maintain at least 10% ownership in the LLC indefinitely.
  • View the LLC documents here.

Property Details

  • Short-term Rental managed by the co-owner, Grant, a Superhost on Airbnb.
  • Over $80k in gross income over the last 12 months. View the trailing twelve month P&L here.
  • View upcoming Airbnb bookings
  • This 4-bedroom home features a large fenced pool, wet bar, TVs throughout, and plenty of space to relax.
  • Located in the prestigious Castle Hills neighborhood, it's just miles from downtown, Six Flags, SeaWorld, and the airport.
  • The recently remodeled home offers new appliances, fast WiFi, cable, and fully furnished interiors.
  • The backyard boasts a gated pool, outdoor seating with a smart TV, an electric grill, a ping pong table, and a basketball hoop.
  • Inside, you'll find three king beds, a bunk bed, two sofa beds, and a two-car garage with ample driveway parking.

Airbnb

More About the Seller

  • Grant and Katie are a husband-and-wife team who are experienced real estate investors in the San Antonio market. Together, they've managed a diverse portfolio of residential properties, specializing in both long-term and short-term rentals.
  • They have successfully acquired, developed, and managed properties, transforming undervalued assets into valuable investments. Grant's background in real estate and banking has equipped him with unique insights into sourcing, financing, and managing investment properties.
  • Katie oversees turnover operations and manages guest communication to ensure a seamless experience. She has extensive knowledge of Airbnb policies and a commitment to exceptional service.

Property Management and Insurance

Airbnb

Property Leverage

  • This property has a loan balance of $535,400 View the loan documents here
  • As the seller, Grant Wilson 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

Location Data

  • "B" Rating for Zip Code on Niche

Due Diligence Documents

Amount Raised : $0
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