✨Track on-chain rental distributions and secondary market pricing for 724 3rd Ave in Watervliet, NY.
View on Lofty Marketplace ↗
Tier 1: High Conviction Score🔥 DEEP DISCOUNTWatervliet, NY SubmarketAlgorand ASA #3687695723🔥 21.46% 5-Year Projected IRR

724 3rd Ave

Triplex • 4 Bed / 3 Bath • Total Tokens: 4,957 • Tokenized on Lofty / Algorand

View on Lofty ↗← Watervliet Hub
🏷️ Active Secondary Discount Opportunity: 🔥 Deep Discount: $34.00 (27.0% below initial offering)Secondary Pricing Spread
🎯 Quantitative Model Catalysts & Score Factors (Tier 1: High Conviction Score):🔥 DEEP DISCOUNT
💰 Income & Dividend Cash Flow
89/100
📈 Residential Capital Growth
67/100
🏷️ Model Valuation Spread
82/100

⚡ Secondary Market Order Book

🟢 LIVE ORDER BOOK
BEST ASK (BUY PRICE)
$34.00
Depth: 378 shares
BEST BID (SELL PRICE)
$32.98
Depth: 195 shares
Bid-Ask Spread:$1.02 (3.0%)
Par Discount vs $50:-27.0% (Discount)

🏢 Property Manager

🛡️ VERIFIED PARTNER
🏢

M1 Homes LLC

📍 Detroit / Wayne County, MI • 19 Public Properties

Specialized institutional workforce housing management with on-site maintenance crews and Section 8 housing authority coordination.

Registry ID: partner-m1-homesOfficial Site ↗

📐 Valuation & Model NAV Spread

Model Estimated Value (AVM FMV):$266,300
Implied Token Market Cap:$168,538
Discount to Model NAV:+36.71%
Secondary Token Price:$34.00 (Initial: $46.60)
Discount to Initial Offering:+27.0%
Gross Rent Multiplier (GRM):9.13x

💰 Rental Income & 5-Year Return Forecast

Realized Net Dividend Yield:10.12%
Projected 5-Year IRR:21.46% / yr
In-Place Monthly Rent:$2,430 / mo
HUD Fair Market Rent (2-3BR):$2,831 / mo
Mark-to-Market Rent Upside:+16.5%
Residential 1% Rule Ratio:0.91% / mo

📍 Watervliet Submarket Fundamentals & Growth Drivers

City Submarket:Watervliet, United States (Midwest Metro Hub)
Property Manager:M1 Homes LLC (Verified)
Neighborhood Grade:Grade B-
School District Rating:7/10 (Appreciation Driver)
Landlord Law Environment:High
Local Property Tax Rate:1.4% / yr
Expected Residential Appreciation:+4% / yr
🐂 Institutional Bull Case

Significant secondary market discount (27.04% below initial offering). Healthy 93% maintenance reserve buffer and strong 98.2% tenant payout reliability in a high-demand Midwest Metro Hub neighborhood.

🐻 Downside Risk Factors

Regional economic cooling could moderate projected 4% annual single-family residential appreciation.

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