The Jupiter
Single Family
3
2
1200
Sqft
2021
$215,000
Purchase Price
$1,495
Anticipated Rent / Mo
65%
Property Leverage
How Are Monthly Dividends Determined for The Jupiter?
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 Jupiter is a newly built home in Gastonia, a close suburb of Charlotte. The home has 9-foot ceilings, high-end stainless steel appliances, and a tiled backsplash. The cabinets are all soft-close, and the home has premium finishes throughout.
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.
Market preparation
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Charlotte, NC
The Charlotte-Concord-Gastonia Metropolitan Statistical Area has a population of over 2.6 million people. There’s no shortage of cultural and entertainment options in Charlotte. The city has professional NFL, NBA, and MLS teams and is home to numerous museums, art galleries, performance venues, and the NASCAR Hall of Fame. Charlotte is a large cosmopolitan city with strong economic fundamentals. The city serves as the second largest banking center in the US, after New York City. Bank of America and Truist Financial are each headquartered in the region, and Wells Fargo employs 26,000 Charlotte residents. The area is also home to Honeywell, and Lowe’s corporate headquarters along with many other Fortune 1000 companies.
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100%
Funded
131
Investors
$105,330
Invested