The Grove
Single Family
3
2
2050
Sqft
2001
$225,000
Purchase Price
$1,495
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Grove?
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 Grove is a lovely three bedroom and two bathroom home. The features include a low maintenance yard, clean home, large garage, ventless fireplace and plenty of rooms with spacious sizes. There is a quiet, screened in porch in the back and privacy fencing in the backyard. There is a huge baster bathroom with a garden style tub. The large kitchen has a bay window dinette area. This is an all brick siding home in a great school system.
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
Don't Know Which Property to Choose?
Other Questions?
100%
Funded
94
Investors
$105,100
Invested