The Jake
Single Family
3
3
3131
Sqft
2010
$593,200
Purchase Price
$2,970
Rent / Mo
0%
Property Leverage
How Are Monthly Dividends Determined for The Jake?
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 Jake is a contemporary home in Reunion with 3 bedrooms, 2.5 baths, a main level study and an upstairs loft. The kitchen has stainless appliances and opens to the dining and the living rooms. Upstairs you will find three bedrooms and two loft spaces. The master bedroom and bathroom are nicely appointed with a double vanity and large walk-in closet. The other two bedrooms share a full bathroom. The basement is unfinished so let you imagination run wild with possibilities. The community itself features a recreation center with indoor basketball, a fitness center, multiple pools, a water slide, as well as walking trails and playgrounds.
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
833
Investors
$676,310
Invested