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Lofty Secondary

5604 Brownfield Dr (32 Units), Lubbock, TX 79414

🇺🇸 Lubbock, TX

5604 Brownfield Dr (32 Units), Lubbock, TX 79414 — photo 1 1 / 12

Total Asset Value

$947,789

$3,491,958 raised

Price

$14.35 / token 0.0% vs previous fill

-72.9% vs issue price

Buy on Lofty ↗

🕒 Realized yield · no payout 14 mo

8.79%

average of yield over time, to date

📈 Current Market Yield · no payout 14 mo

36.77%

No distribution for 14 months — this yield is what the listing would pay, not what it is paying.

⚠️ Risk signals

✕ 2 ! 1 ✓ 5

red = caution · click to inspect each signal

🔔 Watch this property

Get alerted when liquidity drops, a lawsuit is filed, or distributions stop.

Risk check No payout · 14 mo Vacancy on record Rent current Rent 563% above HUD FMR Minimal flood risk Yield steady 20.1–33.4% Sellable -73% vs issue

Overview

4/5
Platform
Lofty
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

6/9
Sellability
Two-sided
Trades (7d)
9 fills
AMM pool cash (USDC)
$0.00
AMM pool tokens
0
Order book — buy
668
Order book — sell
420

Executed trades

20 fills

Actual fills on the secondary market, newest first — not open orders. Updated hourly; where a transaction hash exists the date links to the chain.

When Tokens Price Value
today 1.0452 $14.35 $15.00
1d ago 1.5688 $11.00 $17.26
1d ago 2.3143 $11.16 $25.83
6d ago 1.9544 $10.75 $21.01
6d ago 1.2728 $13.75 $17.50
7d ago 2 $11.00 $22.00
7d ago 2 $12.05 $24.10
7d ago 11.1928 $7.52 $84.17
7d ago 19.5571 $7.60 $148.63
7d ago 3 $13.30 $39.90
8d ago 1.1305 $17.69 $20.00
8d ago 0.4141 $14.50 $6.00
8d ago 2 $14.50 $29.00
9d ago 15.1724 $14.50 $220.00
9d ago 13.7931 $14.50 $200.00
10d ago 6.8965 $14.50 $100.00
11d ago 0.6395 $14.70 $9.40
12d ago 2 $15.00 $30.00
13d ago 1 $15.00 $15.00
13d ago 1 $22.50 $22.50

Returns

8/11
Net APY
9.98%
Gross APY
9.98%
Realized ARY
8.79%
Cap rate
0.63%
Cash-on-cash
9.98%
Gross rent / yr
$163,106.40
Monthly rent
$13,592.20
Total rent paid
Not provided
Payout cadence
Monthly
since Dec 2024 · 8 monthly payouts
Metric

Net yield over time

Avg 8.79%
Dec 2024 0.00%–33.41% Oct 2026

Operating costs (annual) — the drag from gross rent to NOI

Property tax $23,719.33 14.54%
Insurance $33,814.42 20.73%
LLC admin $750.00 0.46%
Total operating costs $58,283.75 35.73%
Gross rent → NOI $163,106.40 → —

How net yield is calculated

Tenants pay gross rent, but property management (~7%), insurance, property tax, maintenance and the platform fee come out before you’re paid. Net rent is what’s left to distribute — those costs fall on the investor, not the platform. The platform keeps only its listing/trading fee.

Why the payout swings. Lofty distributes the actual cash collected each month, so a repair, a vacancy or a fee lands in the month it happens — the bars above move with it. You see costs raw, as they occur, not averaged out.

Valuation

13/17
Current price / token
$14.35 · 1.0452 tokens ($15.00) · today
Appraisal NAV
$52.87
Premium / discount vs NAV
-72.9%
Underlying value
$3,493,600.00
Sale price
$3,486,000.00
ZIP home value (Zillow)
$154,870.07
This price vs ZIP
+2150.9%
ZIP rent (Zillow)
$1,087.30
This rent vs ZIP
+1150.1%
Median home value (ACS)
$135,000.00
Median rent (ACS)
$1,067.00
HUD fair market rent
$2,050.00 (64BR · ZIP)
Rent vs HUD FMR
+563.0%

Risk

12/16
LTV
71.70%
Property price
$3,486,000.00
Loan
$2,500,000.00
Equity
$986,000.00
Monthly loan repayment
$0.00
Occupancy
Vacancy on record
Vacancy rate (tract)
7.40%
Vacancy rate (county)
9.10%
Income vs county
-16.1%
Income trend
+53.7%
Population trend
+9.7%
County tax standing
Not provided
FEMA flood zone
Outside mapped hazard zones

⚠️ Monthly loan repayment is $0 (deferred) — the 71.7% loan isn’t being serviced now, which inflates current cash yield, but the $2,500,000.00 principal still claims sale proceeds.

Whale concentration

High
Holders (wallets)
≈ 389ⓘ
Total tokens
66,079
Top holder
75.70%
Top 5
84.55%
Top 10
88.64%
Largest holding
50,001 tokens
Effective holders
1.7
HHI
5,761
Distribution of the top 25 holders and the combined remainder — hover for value & quantity

Read live from Algorand: every holder's on-chain balance across 389 wallets (issuer/reserve excluded). Higher top-holder share means a single seller can move the price. The platform's own holder count can run slightly higher — it also counts owners pooled in its custodial wallet.

Property & Neighborhood

9/13
Address
Not provided
Location
Lubbock, TX
Country
United States
Property type
Commercial
Beds / baths
64 Bed / 32 Bath
Size
29,440 sqft
Year built
2024
Operating since
2024-11-30 (1y 10m in)
Median income (tract)
$53,192.00
Population (tract)
5,156

Off-chain neighborhood data — US Census ACS 5-year (tract 001709) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.