2423 S 51st Ct
Asset Issuer
Lofty AI
Asset Platform
Lofty AI
Asset Name
2423 S 51st Ct
Asset Class
Real Estate
Asset Type
Single family
Asset Abbreviation
2423-S-51st-Ct_Kansas-City-KS-66106
Asset Fraction Price
$ 37.70
Asset Fraction Yield
0%
Asset Fraction Maturity
N/A
Min. Investment Size
$ 37.70
Asset Fraction Sale End Date
Asset
Valuation
$ 216,300
Category
Description
Kansas City is the largest city in the state of Missouri and is known for its pro sports teams, delicious barbeque, and jazz music. The city has seen its population increase by 10.5% over the last decade and job postings in Kansas City are at record highs, while unemployment is down to just 2.4%. Average rents and appreciation in Kansas City have both increased by over 10% in just the last year, and KC is known as being one of the top markets for renters, as renter-occupied households in Kansas City make up 45% of the total occupied housing units.
Features
• 3 bedrooms, 1 bathroom, 1,294 sqft single-family home
• Completely renovated with new stainless steel appliances, quartz countertops, new flooring, new roof, and new mechanicals
• Fenced backyard for privacy
• Brand new driveway parking pad completed less than a month ago
• Large master bedroom with spacious closet and shelving
• Located within walking distance to Turner School District schools (Turner High, Oak Grove Elementary, etc.)
• Seller providing $5,644.56 credit for repairs from inspection report
• Managed by Whalec Property Management
• Loan balance: $82,830.43 (seller pays 100% of loan payments; equity changes over time)
• Current lease: $1,650/month (until 4/3/2025), $1,600 security deposit