1415 Race St
Asset Issuer
Lofty AI
Asset Platform
Lofty AI
Asset Name
1415 Race St
Asset Class
Real Estate
Asset Type
Duplex
Asset Abbreviation
1415-Race-St_Cincinnati-OH-45202
Asset Fraction Price
$ 49.66
Asset Fraction Yield
15.68%
Asset Fraction Maturity
N/A
Min. Investment Size
$ 49.66
Asset Fraction Sale End Date
Asset
Valuation
$622,250
Category
Description
In just this past year, Cincinnati has seen a 15% increase in property appreciation and almost an 11% increase in rents––making it one of the best markets in the country for real estate investing. Single family homes sell faster in Cincinnati than in any other market besides Omaha, Nebraska and more than 50% of the homes in Cincinnati are rented––which is one of the highest rates in the country. Cincinnati is not only the largest city in Ohio, but it is also home to three major league sports teams, and it has seen an increase in jobs in all employment sectors over the past two years.
Features
• Guest favorite vacation rental with 5/5 star rating on Airbnb
• Owned and operated by Chris Mygatt, a Superhost with 4.99/5 rating
• Generated $180K gross revenue in 2024
• Earned $31K in February 2025 alone
• 71.65% occupancy rate in 2024, 78% occupancy so far in 2025
• 4 bedrooms, 3 bathrooms villa
• Private heated pool with sun shelf
• Clean hot tub surrounded by palm trees
• Indoor games: foosball and air hockey
• Outdoor games: ping-pong and corn hole
• Sonos sound system for music
• Managed by Chris Mygatt, a Superhost with a 4.99 rating
• Property has a loan balance of $632,794.09
• Short-term rental available on Airbnb, VRBO, and direct booking
• Zip code rated "A-" by Niche