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.
$442,140 invested
The Chitwood
bed: 4 Â Â bath: 2.5 Â Â sq ft: 2,245 Â Â year built: 2019- Investors887
- Purchase Price$385,000
- Monthly Rent$2,195
Welcome to the Chitwood! This home is a new Yosemite open floor plan from Fischer homes, located in Providence! The Chitwood has 4 bedrooms, 2.5 bathrooms, and is over 2,200 sqft! The kitchen has granite countertops, an island, and a large eating area. The home has LVP flooring, an oversized primary bedroom with an adjoining bath and walk-in closet, a fully fenced-in back yard with a patio, fire pit, playset, shed, and so much more!
Address: 7159 Berringer Court, Maineville, OH 45039
Property Leverage
0%
Lower
Higher
Relative Volatility
Relative to other properties on the Arrived platform, this property may carry lower potential for returns, but also carries lower potential for volatility given the amount of leverage used on the property.
Cincinnati, OH
Cincinnati, a historically major industrial city, has taken on new life as it attracts entrepreneurs and the tech industry alike. With seed-stage investment firms like CincyTech backing start-ups in the midwest, new companies are compelled to make Cincinnati their home base. The University of Cincinnati is centrally located and creates a community for education, talent, and research. Located along the Ohio River directly bordering Kentucky, Cincinnatians enjoy the views and activities the river has to offer. The relatively low cost of living, abundant career opportunities, and easy access to the outdoors make Cincinnati a great city to work and play!
- Property Purchase Price$385,000
- Property Improvements & Cash Reserves$19,430
- Closing Costs, Offering Costs & Holding Costs$17,474
- Arrived Sourcing Fee (One-time)$20,230
Total Property Amount
$442,134
Property Loan Amount
$0
Financing: 0%
Interest Rate: 0%
Equity Raised from Investors
$442,140
- IPO Price Per Share$10
- Total Shares44,214
Hold Period
5-7 years
Asset Management Fee (Quarterly)
Comes out of post-purchase rental income
$578
Common Questions
How Arrived Works
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.
What Returns Can I Expect
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 More1) 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.
What to expect if my property is still seeking a tenant
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 MoreDiversification
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.
Investing Horizon & Liquidity
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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