The Odessa
Single Family
4
2.5
1951
Sqft
2018
$535,000
Purchase Price
$2,945
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Odessa?
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 Odessa is an awesome, nearly new, 4 bedroom, 3 bath home. Hardwood floors and quartz top kitchen island with large sliding glass doors lead to the full and covered back patio complete with a gas connection for a grill or fire pit. Close to the park and great school, the location is perfect. The 4th bedroom located on the main floor features a walk in master shower, upgraded 42" cabinets, and an access door from the garage to the back yard.
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
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.
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100%
Funded
286
Investors
$220,380
Invested