The Pearl
Single Family
3
3
1732
Sqft
2017
$546,000
Purchase Price
$2,720
Rent / Mo
0%
Property Leverage
How Are Monthly Dividends Determined for The Pearl?
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 Pearl is a well maintained 3 bedroom and 2.5 bathroom home located in Buchanan Arts District. The spacious and well lit kitchen includes a center island, garbage disposal and a range oven. The master bedroom is large with a master bathroom with double vanities. The property has some great outdoor space with a patio that is perfect for entertaining guests.
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
Nashville, TN
Nashville is the capital and the most populous city in Tennessee. Nashville, also know as “Music City”, is a major center for the music industry, especially country music. There are also a number of colleges and universities, including Tennessee State University, Vanderbilt University, Belmont University and numerous others. The city is a major center for healthcare, publishing, banking, automotive, technology and transportation industries. Many consider the region to be one of the the best housing markets in America and one of the best places for businesses and careers due to the exceptional growth and opportunities in the area.
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100%
Funded
809
Investors
$625,700
Invested