The Loretta
Single Family
3
2.5
2278
Sqft
2022
$685,000
Purchase Price
$3,275
Rent / Mo
0%
Property Leverage
How Are Monthly Dividends Determined for The Loretta?
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 Loretta is a brand new modern home featuring double privacy observation decks, 3 bedrooms, 2.5 bathrooms with hardwoods throughout in desirable East Nashville. This chic kitchen comes equipped with Samsung stainless steel appliances, a large island with sink, and open shelving. There is plenty of cabinet space in the kitchen, as well as a spacious pantry, give room for clean organization and storage. The beautiful living room is centered around a stunning tile fireplace. The upper floor has space for a full-size washer and dryer. The primary bedroom offers bench seating storage, access to a private balcony and private bathroom containing floor to ceiling tile. The closets are well equipped to suit any fashionista. All bedrooms are located on the top floor and have excellent natural light. Privately Fenced yard.
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
1,273
Investors
$783,110
Invested