The Ensenada
Single Family
5
3
2980
Sqft
2013
$560,000
Purchase Price
$3,195
Anticipated Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Ensenada?
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 Ensenada is a ranch style, well maintained home. Gorgeous landscaping in front and back, sunset-facing back porch, high ceilings, open floor-plan, builder finished full garden level basement, tons of storage, and solar panels! With attached garage, 5 total bedrooms, master suite with walk-in closet, 5 piece master bath, main level laundry, and gas fireplace, this property really checks the desirability boxes! Solar panels are paid for with 25 year transferrable warranty, gazebo is mounted, and back yard furniture on concrete stays, surround sound with speakers in basement, radon mitigation system installed. Homes is located in Aurora, CO.
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.
Market preparation
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Denver, CO
Denver is the capital of Colorado and the most populous city in the state. The Denver-Aurora-Lakewood MSA has a population of over 2.9 million people, ranking 19th in the US. Denver has a well diversified economy. It’s a hub for storage and distribution due to its central location in the United States. The area has a significant presence in the energy sector, telecommunications, and technology. The Mile High City has a vibrant downtown and is popular for its livability. Denver is best known for its outdoor recreation with its proximity to the Rocky Mountains. The area is rich with cultural assets like museums, art galleries, bars and restaurants.
Common Questions
Don't Know Which Property to Choose?
Other Questions?
100%
Funded
333
Investors
$231,990
Invested