$86,770 available

The Aster

bed: 3    bath: 2    sq ft: 1,502    year built: 1997
49% shares purchased
  • Investors180
  • Purchase Price$255,000
  • Monthly Rent$1,695
The Aster is a beautifully remodeled 3-bedroom, 2-bathroom home with an attached garage. The home features a large living room with vaulted ceilings and a gas-log fireplace, a U-shaped kitchen with granite countertops and eat-in dining, and a sizeable primary bedroom with a private ensuite with two separate sink vanities and a walk-in closet. Outside, you will find a back patio overlooking a spacious backyard.
Address: 490 West Aster Avenue, Farmington, AR 72730
Tenant Leasing Process
Preparing a home for the rental market is a multi-tiered process that begins as soon as the property is acquired. Our experienced investment team works closely with the local property managers to get it show-ready, determine optimal market rent, take high-quality photos and videos, market the rental through various online and offline channels, screen and thoroughly vet tenant applications, and finalize the lease terms. Below you can find more information regarding the current rental status, the expected timeline, and the rental income.
  • Rental StatusSeeking Tenant
  • First Dividend DateJanuary 2023
  • First Dividend Yield2.4% / YEAR
  • Timeline to Rent
    The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days.
  • Property Leverage & Volatility
    The potential financial returns you can earn are often linked to the potential risk and volatility. Adding leverage or debt to properties can amplify the potential return in exchange for higher potential volatility.

    Property Leverage

    50%
    Lower
    Higher

    Relative Volatility

    Relative to comparable properties on the Arrived platform, this property may carry average potential for returns, but also carries average potential for volatility given the amount of leverage used on the property.
    The Market
    Real estate values and returns are highly dependent on location. In general, properties in more affordable markets will have higher cash flow (potential dividends), and properties in more expensive markets will have higher appreciation. Arrived strives to give investors options to choose how much they invest in appreciation markets, cash flow markets, or balanced markets.

    The economy of the local city and market will dictate the potential returns of an investment. In general, some markets see high appreciation of home values, some have higher cash flow (dividends), and some have a mix of the two.

    Northwest Arkansas

    Northwest Arkansas contains the major cities of Fayetteville, Springdale, Rogers, and Bentonville, running north-south along I-49. The region is popular for the outdoor recreation available in and around the Ozark Mountains such as hiking and mountain biking.

    Northwest Arkansas is also home to many marquee employers. Bentonville is the birthplace and headquarters of Walmart, one of the largest retailers in the world. The region is also home to Tyson Foods and J.B. Hunt. The University of Arkansas, with over 23,000 undergraduate students, is located in Fayetteville.
    Offering Details
    The Offering Details provide a breakdown of the financials for a specific property offering. The Offering Details show the operating plan for the property, including how the Raise Amount proceeds will be used. For transparency, we also like to share a breakdown of the Arrived fees. And if you're interested in more information, we also link to other resource documents that go into more depth around each offering.
    • Property Purchase Price
      $255,000
    • Property Improvements & Cash Reserves
      $17,560
    • Closing Costs, Offering Costs & Holding Costs
      $14,977
    • Arrived Sourcing Fee (One-time)
      $13,800
    Total Property Amount
    $301,337
    Property Loan Amount
    $127,500
    Financing: 50%
    Interest Rate: 6.625%

    Equity Raised from Investors
    $173,210
    • IPO Price Per Share
      $10
    • Total Shares
      17,321
    Hold Period
    5-7 years
    Asset Management Fee (Quarterly)
    Comes out of post-purchase rental income
    $383
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    Common Questions
    Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs. Investors receive cash dividends from rental income each quarter and capture any property value appreciation.
    Investing in Arrived rental homes can deliver returns to investors in two different ways: 1) property value growth & 2) rental income. While we cannot predict future returns, below are historic returns that can be helpful.

    1) Property value growth: Any property value appreciation can result in increased investment value for the investor. Over the last 20 years, single family homes in the USA have appreciated an average of 4.0% per year. That means that for a property with a 65% mortgage loan, the home equity value increased an average of 4.9% per year. For a home without a mortgage loan, the home equity value increase would average 2.3% per year. These returns include transaction & disposition fees and assumes the investment is held for 10 years.

    2) Rental income: Historically, Arrived properties have paid cash dividends from rental income that translate to 3.2% - 7.2% annual returns on investment. The rental income you receive will be proportional to your ownership in the property.

    In summary adding both the property value growth & the rental income, we see that investing in rental homes has historically resulted in returns on investment between 5.5% - 12.1% per year. It is important to note that past performance may not be indicative of future results.
    Learn More
    We are currently focused on marketing the rental homes to prospective tenants and will email you when a new lease has been signed. Arrived's strategy for seeking tenants is focused on signing 2 year leases, achieving market rent, and thoroughly vetting applicants. Though it may take a bit more time to lease out the homes, we believe these standards provide our investors the best way to maximize returns over the long term.
    Learn More
    With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.
    Arrived strives to give investors the opportunity to build wealth. This is best done by holding onto Arrived shares over multiple years, as real estate returns are maximized when treated as a long-term investment. While we encourage investors to hold onto their Arrived shares, we allow investors the freedom to redeem their shares and liquidate their investments on a quarterly basis. This redemption request can be made after an initial 6-month hold period. Disclaimer: During this time, Arrived cannot guarantee any redemption will be possible, although we intend to launch a full redemption program soon. Arrived has filed the planned redemption program with the U.S, Securities & Exchange Commission (SEC) and it is currently under review for Qualification. Arrived will not be able to support redemption requests until the program is reviewed and qualified. This review is still pending and we will updated this FAQ as soon as it is complete. There may be fees associated with share redemption. For risk factors and disclaimer information, you can review our communications disclaimer.
    Don't know which property to choose?
    No need to worry, all Arrived rental properties go through our rigorous selection process and have been pre-vetted for their investment potential by our acquisitions team (more info). Rather than focusing on selecting individual properties to invest in, many Arrived investors simply distribute their investment across several available properties to achieve portfolio diversification.
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    Other Questions?
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