The Basil
Single Family
3
2
1261
Sqft
2016
$202,500
Purchase Price
$1,595
Rent / Mo
65%
Property Leverage
How Are Monthly Dividends Determined for The Basil?
Properties start paying dividends once they start generating income and may vary month to month. The monthly dividend is determined by analyzing several factors, including rental status, the amount of cash in the property’s reserves, last quarter’s cash flow, projected expenses, and lease renewal timing. For more information on why dividends may be increased, decreased or paused, please see our detailed FAQ. The rental history and dividend payments for each property can be found on the performance tab.
About
This home has a wonderful floorplan in a great location. The home was built in 2016 and has 3 bedrooms and 2 full bathrooms. The master bedroom has a walk-in closet, soaking tub, and double vanity. The home also has an attached 2-car garage and a spacious backyard.
Tenant Leasing Process
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. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Upstate South Carolina
Greenville and Spartanburg are the two largest cities in the combined statistical area for Greenville-Spartanburg-Anderson, otherwise known as Upstate South Carolina. Greenville lies roughly halfway between Atlanta and Charlotte. The local economy is diverse and growing. There's a significant presence by the automotive industry, highlighted by the BMW manufacturing plant in Greer. Michelin's North America headquarters are in Greenville, and the International Center for Automotive Research (ICAR) is a combined effort by several companies and Clemson University for continued R&D in the automotive field. Several financial services firms have regional offices in the area.
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100%
Funded
168
Investors
$95,640
Invested