The Wave
Single Family
3
2.5
2028
Sqft
2017
$335,000
Purchase Price
$2,195
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Wave?
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 Wave is a charming two-story home in Fairburn, GA. The 3 bedroom and 3 bathroom home offers granite countertops and a two-car garage. The community features several shared amenities including a clubhouse, park, pool and tennis courts.
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
Atlanta, GA
Atlanta is the capital and the most populous city in the state of Georgia. The Atlanta-Sandy Springs-Roswell MSA has a population of over 6 million people, ranking 9th in the U.S. with Atlanta as the cultural and economic center. Atlanta has a diverse economy with a dominance in the aerospace, transportation, film, media, medical services, business services and information technology industries. Atlanta is considered a hub for air transportation with the Hartsfield-Jackson Atlanta International Airport, which is considered to have the world’s busiest passenger airport traffic and has achieved international prominence. The area has unique geography as it is located among the foothills of the Appalachian Mountains, creating rolling hills and the most dense urban tree coverage in the U.S.
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100%
Funded
244
Investors
$143,330
Invested