The Cumberland
Single Family
3
2
1396
Sqft
2019
$295,000
Purchase Price
$1,695
Rent / Mo
0%
Property Leverage
How Are Monthly Dividends Determined for The Cumberland?
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
The Cumberland is a beautiful 3 bedroom, 2 bathroom home. You'll love this beautiful single story home with all hardwood and tile floors. The home has a spacious living room with vaulted ceiling, gas remote fireplace, and ceiling fan. The primary bedroom has a walk-in closet and the primary bathroom has jetted tub with tile surround and double marble sinks. The house also has a beautiful eat-in kitchen with pantry and custom-built island with stools. The house has an extended outdoor covered patio on privacy fenced lot with storage building on a cement pad. The house also features front and back doors have storm doors with hide-away screens, and added attic flooring for your additional storage needs. All of this situated in a convenient, friendly community just minutes to shopping, restaurants and Ft. Campbell.
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
Clarksville, TN
Clarksville, the fifth-largest Tennessee city with rich history and surrounded by lush parkland, is located roughly 40 minutes northwest of Nashville. The city is hosts The Governors of Austin Peay State University and a neighbor to one of the largest U.S. military posts, Fort Campbell. Historically, Clarksville grew rapidly because of its accessibility to the navigable Cumberland River. Now, it's home to an LG manufacturing facility bringing hundreds of jobs with it. On the horizon, Google is set to open a $600 million data center that will offer several career opportunities attracting local and national talent to the city.
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100%
Funded
544
Investors
$345,300
Invested