The Lookout
Single Family
3
2
1523
Sqft
2001
$345,000
Purchase Price
$1,920
Rent / Mo
0%
Property Leverage
How Are Monthly Dividends Determined for The Lookout?
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 Lookout is a one-level home with three bedrooms and two full bathrooms. The house has a beautiful kitchen with white cabinets, quartz countertops, and backsplash. The house has a laundry room, a fireplace in the living room, a dining room combined with kitchen, and a split-bedroom design on a lot that is just over a half acre with a fully fenced back yard. The subdivision of Hamilton on Hunter South is a great community centrally located with proximity to schools, businesses, common commutes, excellent spots for shopping and dining.
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
Chattanooga, TN
The Chattanooga, Tennessee, real estate market is situated along the picturesque Tennessee River, defining itself as the state's fourth-largest city and earning the official nickname, the "Scenic City," owing to its breathtaking surroundings of mountains, ridges, and valleys. The real estate landscape in Chattanooga is influenced by the city's vibrant downtown, which boasts a diverse array of entertainment, dining, cultural, and architectural attractions. The Tennessee Aquarium, the Creative Discovery Museum, and the historic Walnut Street Bridge contribute to the city's cultural richness and serve as magnets for residents and visitors alike. Chattanooga's business scene includes notable entities such as Access America Transport, BlueCross BlueShield of Tennessee, CBL & Associates, The Chattanooga Bakery, and Sanofi. The city is home to the world's first Coca-Cola bottling plant. With its scenic beauty, cultural amenities, and a thriving business environment, the Chattanooga real estate market offers a compelling mix of lifestyle and investment opportunities.
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100%
Funded
856
Investors
$399,190
Invested