Obtain part ownership of this property by minting one of its NFTs
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14384 Armond Lane
Huntsville, AL 35810
Edition 1 of 1,850
1 NFT = 1/1,850 ownership of 14384 Armond Lane and its rental income
0xc0b1678de6e704c5c654be72ae...
Proof of Authenticity
Verifiedby Closin View on Etherscan
Unique Ownership
20 See Top 10 Owners
PROJECTED IRR
18.64%
CASH PAYOUT
6.44%
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*100 USDC Minimum
Gallery
+6
more
3 Beds
2 Baths
1400 sqft
Single Family
Occupied
Investment Summary
Total Investment:
$180,500 USDC
Token Price:
Token Price:
Total Tokens:
1805 (385 tokens left)
About This Property
This property is a fully renovated 3 bedroom 2 bathroom single family located in a trending neighborhood of Huntsville. The following renovations have been completed: New kitchen, new bathroom, new luxury vinyl plank flooring, removed carpets, new rear security door, new glass-block windows in basement, new hot water tank, new electrical, new handrail on left side of steps, repaired lattice, repaired siding & fascia, new garage roof, landscaping, interior & exterior paint.

The property is not presently rented and we anticipate securing a long term tenant at $1,400 per month within the first month of ownership.
Top 10 NFT Holders
0xc0b1678de6e704c5c654...
0xc0b1678de6e704c5c654...
0xc0b1678de6e704c5c654...
0xc0b1678de6e704c5c654...
Financials
Total Investment
$180,500
Annual Gross Rents
$16,800
Total Returns (IRR)
18.64%
Project Timeline
Sep 13, 2022
Property due diligence & purchase property- In Progress
Paperwork completed and LLC tokenized.
Sep 17, 2022
Token offering
Property tokens available to purchase on Closin. Once purchased, tokens will be stored in your Closin account.
Oct. 17, 2022
Token offering- Complete
All tokens are sold or purchase window expires.
Oct. 24, 2022
Receive monthly rental dividends
Your cumulative rental income will be sent to you based on the day you invested. You will then begin to earn monthly rental dividends moving forward. You can choose to receive your rental income to your Closin account in USD or to your crypto wallet in USDC (a USD stablecoin).
NFT Stats
1 NFT = 1/1,850 ownership of 14384 Armond Lane and its rental income
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Why Huntsville?
The average price of homes in Huntsville have increased 26.8% this past 12 months and the average rents for 3 bedroom homes have increased over 13%. More than 31% of the homes in Huntsville are occupied by renters, with the average rent for a 3 bedroom property being $1,457 as of April 2022. Huntsville ranks the third-best place in the US to live in according to U.S. News & World Report.

Employment growth in Huntsville is 1.8% year-over-year, and the GDP of Huntsville has increased by more than 19% in the last decade.
Huntsville is nicknamed The Rocket City as it remains the center of rocket-propulsion research in the U.S. Huntsville employers and organization's include Jeff Bezo's Blue Origin, NASA's Marshall Space Flight Center, the U.S. Army Aviation and Missile Command, Facebook's data center, Alabama A&M University, and many more.

Our A.I. ranks Huntsville in the top ten markets in the United States in terms of projected future appreciation.
Huntsville historical growth
Historical rental returns for 3 bedroom homes taken from https://www.zumper.com/rent-research/huntsville-al
Historical appreciation returns for single family homes taken from https://www.zillow.com/huntsville-al/home-values/
Frequently Asked Questions
  • How do I invest in a property?
  • To get started, browse through available properties here. You can view all relevant information provided for each property to help you make an informed investment decision. Once you have selected a property you want to invest in and decided on your desired investment amount, you can purchase tokens representing your ownership amount. That’s all there is to it!
  • How do I purchase tokens?
  • Each property has their own tokens representing the ownership interests in that property. In order to purchase tokens, you must first select an available property here. Once you have selected a property, simply click the Invest button for that property and you will be provided with step-by-step directions on how to purchase your tokens.

    We are working on creating NFTs (non-fungible tokens) to represent ownership interests in future properties. As a potential investor, you will have the ability to own a unique NFT representing your ownership interest. We are very excited about this development and will provide more details in the near future.
  • What payment methods do you accept?
  • We currently accept ACH and debit/credit card payments. Wire transfers are also available for payments greater than $25,000. We plan to accept cryptocurrency in the very near future.
  • Can I sell my tokens?
  • You can sell any or all of your tokens back to us at any time for the price per token that you initially paid. If you want to sell your tokens, simply send us an email at support@closin.com and let us know the number of tokens you want to sell. Once we receive your request, you will receive a confirmation email within 2 business days, confirming the total amount you will receive in exchange for your tokens.
  • How do I receive rental income
  • Your account balance will show all rental income that you have received. Each day at midnight PST, you will receive a notification in your account indicating the amount of rental income you have received that day for each property that you own. You can cash out your accumulated rental income for any or all of your properties at any time.
  • Who manages and makes decisions regarding the properties?
  • Our founders will handle all property management decisions (such as selecting tenants, setting rental amounts and handling repairs) so you don’t have to worry about anything other than collecting your rental income. They have extensive experience with rental properties and maximizing return on investment, and have good working relationships with local property managers. The property manager for each property will be entrusted with day to day operations regarding the property, including making repairs, collecting rents and other similar matters.

    As an owner of the property though, you will have a say in the important decision of when to sell the property. Any property owner can propose a sale at any time. Once an owner proposes a sale, all other owners of the property will receive a notification via our platform and email to vote in favor or against a sale. If a sale is approved by a majority of the ownership interest in the property, we will list the property for sale. All offers received will be presented to the owners for a vote. If an offer is approved by a majority of the ownership interest in the property, the offer will be accepted.
  • Can my property decline in value?
  • Although the real estate market is generally considered a safer investment, it can also be volatile at times. We cannot guarantee that every property will increase in value in a constant and/or consistent manner. Our founders use their extensive knowledge and experience to identify potential properties that will be profitable and less susceptible to downturns in the real estate market. However, you are responsible for your own investing decisions and Closin is not responsible for any loss on your investment. The value of your token will reflect any increase or decrease in value of the property.
  • How do I see the value of my tokens?
  • Your token values will be displayed on your account dashboard, including the price per token and aggregate value of your tokens. The price per token for each property is updated at the end of every month based on the current market value of the property.
  • How does Closin purchase a property?
  • Each available property will list the purchase method so you can understand the financial implications for your potential investment. A property may be purchased with debt (e.g. a mortgage), cash, a combination of debt and cash or any other method. By investing in a property, you agree to the method of purchase. If the method of purchase or any substantial terms of purchase are changed after you make your investment and you do not agree, you are entitled to a refund of your investment amount.
  • How is a property legally owned?
  • Each property will be legally owned by a limited liability company (an “LLC”) that is set up by Closin. By investing in a property and purchasing tokens, you are purchasing an equivalent membership interest in the LLC.
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