8201 Madison Ave
About
The property closed via a seller financing agreement and is owned by another entity paying interest payments to investors, with monthly payments of $2,367.38. The purchase price was $490,000 with 10% down and a 5% interest rate, resulting in $441,000 financed, amortized over 30 years with an 8-year balloon payment due on 11/10/2032 of $380,979.00. The buyer is responsible for all repairs, all title fees for both sides at closing, and all taxes and insurance separately from the monthly payment, and must maintain full insurance coverage throughout the agreement. Payments are made on the first of each month, and if the buyer is more than 14 days late on a single payment, the contract becomes void and the seller retains full ownership and all payments made to date.
Due Diligence Documents
Offering Details
The Market
Cleveland offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (09/18/2025):
- Governance Vote for 8201 Madison Ave:
- An owner with the following wallet address has proposed a governance vote.
- The owner proposing this vote holds 20 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Hello all Token Holders, since this property is owned by someone else and there is no maintenance required by token holders, I am recommending we vote for the following two items:
-
- Vote to distribute the current OR of $2,246.12 to all token holders on next Month's rental to all token holders.
- A) Yes
- B) No
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- Vote to continuously distribute the OR to all token holders each month.
- A) Yes
- B) No
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to all owners on Tuesday, September 23rd once the voting period ends.
Investor Reviews
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Frequently Asked Questions
How Lofty works+
Each property is held by its own LLC and divided into shares recorded on chain. Buy as few or as many as you like, collect rent daily, and trade on the order book anytime.
What returns can I expect, and how often are rental payments distributed to investors?+
Your share of net rent accrues every day, and appreciation is realized when you sell. Every listing shows its projected yield and full expense breakdown.
How does leverage work?+
Some properties carry a loan. Debt boosts cash-on-cash returns when rents outrun the payment — and cuts the other way when they don’t. Leveraged listings show the balance in Financials.
How are property decisions made?+
Big decisions — repairs, refinancing, selling — go to a shareholder vote through the property’s governance DAO, with results executed by the managing agent.
Where can I communicate with the other co-owners?+
Every property has an owners’ discussion space where co-owners talk through upcoming votes and updates.
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