The Chelsea
Single Family
3
2.5
1643
Sqft
2022
$307,845
Purchase Price
$1,895
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Chelsea?
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
Chelsea is a cozy three bedroom and two and a half bathroom home featuring a two car garage. The property is conveniently located in Chelsea Park with great natural amenities such as multiple lakes, a park and walking trails.
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
Birmingham, AL
Birmingham is a city in the north central region in Alabama. The Birmingham-Hoover MSA has a population of over one million people and is the largest metropolitan area in Alabama. Birmingham ranks high among one of the most important business centers in the southeastern U.S. and is one of the largest banking centers in the country. There are a number of universities and graduate schools in Birmingham and it is also the headquarters of the Southeastern Conference, one of the major U.S. collegiate athletic conferences. Birmingham has recently experienced a rebirth and resources have been dedicated to reconstructing the downtown area increasing the restaurant, retail and cultural options.
Common Questions
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100%
Funded
248
Investors
$137,970
Invested