The Dogwood
Single Family
3
2
1561
Sqft
2020
$240,000
Purchase Price
$1,495
Rent / Mo
0%
Property Leverage
How Are Monthly Dividends Determined for The Dogwood?
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 Dogwood has 3 bedrooms and 2 full bathrooms. The house has a flex room and a beautiful kitchen with amazing cabinetry and kitchen island. This custom-built home is less than 2 years old. The primary bedroom is spacious. The primary bathroom has a stand-up shower, with his and hers closets for extra storage space. The house also has an enclosed 2 car garage, fenced back yard and the covered back porch is perfect for entertaining family and friends.
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
Tuscaloosa, AL
Tuscaloosa is one of the largest cities in Alabama and is home to The University of Alabama with over 33% of the population having bachelor's degree or higher. The city lives and breathes collegiate football, while maintaining a dense urban feel and great family friendly neighborhoods. In terms of accessibility, the city is surrounded by several highways, including Interstates 20 and 59; U.S. Routes 11, 43, and 82; and Alabama State Highways 69, 215, and 215. The city also houses Mercedes-Benz U.S. International (MBUSI), which is a Mercedes-Benz automobile manufacturing plant that proudly produces several models as well as various job opportunities.
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100%
Funded
631
Investors
$280,620
Invested