The Bandelier
Single Family
3
2
1900
Sqft
2015
$349,900
Purchase Price
$2,195
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Bandelier?
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 Bandelier is a beautiful and well maintained property. It has 3 bedrooms and 2 bathrooms with a split floor plan, an open kitchen with granite counters and stainless steel appliances, and a laundry room with plenty storage and a large sink. Gorgeous ceramic tile throughout the main areas of the home turns to comfy carpet in the bedrooms. The master bedroom boasts a walk-in closet, dual sink vanity, bath tub, and separate shower. Yards are wonderfully low maintenance with covered patio and pavers.
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
Tucson, AZ
Tucson is the second largest city in Arizona and has a population of 542,629 with over 1 million in the metropolitan area. UNESCO designated Tucson a “City of Gastronomy”, becoming the first city in the U.S. with this designation because of its rich agricultural heritage and thriving food traditions. Tucson has seen economic development in the past few years. The presence of the University of Arizona as well as the US Army Intelligence Center have led to the development of many high-tech industries including government contractors. Tucson is also a major hub for the Union Pacific Railroad’s Sunset Route that links Los Angeles with the Southern regions of the country.
Common Questions
Don't Know Which Property to Choose?
Other Questions?
100%
Funded
218
Investors
$147,710
Invested