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Wycomb Dr

Brand: Unbranded
66197 Shares Left
4.00
(1 review) Write a review
bed 4
bath 2
area 1774 Sqft
year 2024
$2,269,900
Purchase Price i
$1,995
Rent / Mo i
9.5%
Anticipated Yield i
High
Investment Risk i
9.3 / 10
Expert Rating i
4.8 / 5.0
Review i
$1000
About Seller
Customer 1 Customer 2 Customer 3
New customers come to your store increased by +78%
4.9 Expert Rating
31 Total Products
5k+ Trusted Customers
78% Return Customers
Total Revenue
$10,850.10
Visit Store
Offering Details

Vendor transferred his property’s deed to a new LLC and is selling a portion of the LLC on the AskLego Marketplace. 

The property is the only asset owned by the LLC. 

The FOS (Fractional Ownership Share) represent direct ownership in the LLC that owns the property. Vendor will maintain atleast 10% ownership in the LLC indefinitely. 

View proof of Vendor ownership prior to the title transfer and proof of the title transfer. View the LLC Documents here

Common Questions
How Arrived works +

Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs. Investors receive cash dividends from rental income each quarter and capture any property value appreciation.

What returns can I expect +

Investing in Arrived rental properties can deliver returns to investors in two different ways:

  • Expected dividends: From the rental income on each property; currently paid out to investors monthly.
  • Appreciation: From the change in property value that will be realized at the end of the investment hold period.
What to expect if my property is still seeking a tenant +

We are currently focused on marketing the rental homes to prospective tenants and will email you when a new lease has been signed. Arrived's strategy for seeking tenants is focused on signing 2 year leases, achieving market rent, and thoroughly vetting applicants. Though it may take a bit more time to lease out the homes, we believe these standards provide our investors the best way to maximize returns over the long term.

Diversification +

With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.

Investing horizon & liquidity +

Currently investors will need to plan to hold their shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. We anticipate establishing a mechanism to facilitate secondary trading in accordance with the rules and regulations of the U.S. Securities & Exchange Commission (SEC) as an option for liquidity during the investment period, however there can be no guarantee when that will be available. Please submit your email if you would like to be notified of future developments.

Arrived strives to give investors the opportunity to build wealth through real estate. Historically, real estate returns have been maximized when treated as a long-term investment over multiple years. Arrived property offerings typically have a 5 year minimum investment period before a property would be sold.

Disclaimer +

There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price before the end of the investment period. Even if a public market does develop, the market price could decline below the amount you paid for your shares, and there may be fees involved. Please refer to our offering circular for more details regarding potential distributions.

+
Wycomb Dr
66197 Shares Left
4.00
(1 review) Write a review

About the Property

Property originally listed for sale on the marketplace by Roark Properties, LLC.

to learn more about how third parties sell their properties on the Lofty Marketplace.

The Operating Reserve balance ($3,492) is above half full.

Owners voted to apply 50% of cash flow until the reserve is full ($6,821).

Based on the monthly cash flow ($834), it will take ~8 months for the reserve to be full.

The Operating Reserve balance is part of the property value. As a result, the property will increase in value as the Operating Reserve is replenished.

Single Family Home located in Florissant, Missouri.

Details

  • Brand new roof installed in March, 2022
  • Gorgeous tile and laminate flooring
  • Large kitchen with granite countertops
  • Full basement
  • Large yard with deck and patio, and more
  • A property tax payment of $1,889.60 was submitted in December, which reduced the Operating Reserve balance.
  • View Operating Reserve balance chart
  • View property transaction data

Property Management and Insurance

  • Managed by Evernest
  • Insurance Policy through Obie Insurance

Occupancy Status

  • 1 year lease renewal (10/01/2023 - 09/30/2024)
  • $1,195/month
  • $1,130 Security Deposit
  • Same tenant was previously on a 1 year lease (10/01/2022 - 09/30/2023) at $1,130/month
  • $1,130 Security Deposit
  • Lease Agreement

Location Data

  • 2.5/5 Neighborhood Rating on Roofstock
  • "B" Rating for Zip Code on Niche

Top Features

Brand:
Unbranded
Investment Strategy Hypothetical Returns

Single Family Residential

Icon
Investing with Arrived can generate returns in 2 ways:
  1. Annual cash flow from the rental income on each property. The property intends to pay out excess cash to investors monthly.
  2. Annual appreciation returns from any changes in property value. Any appreciation returns net of disposition costs will be paid out upon the sale of the property.
Anticipated Annual Cash Flow


Annual Rent
$26,340
Operating, Financing, Legal & Management Expenses
$9,584



Cash Flow / Dividend
$16,756



Raise Amount
$398,950

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