The McLovin
Single Family
5
3.5
2933
Sqft
2012
$525,000
Purchase Price
$3,095
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The McLovin?
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 McLovin is a spacious, sun-filled home with 5 bedroom, 3.5 bathroom home in the Reunion neighborhood. A bonus room at the front can be a home office or extra sitting room. The living room flows into the dine-in kitchen outfitted with sleek appliances, ample counter space, a tile backsplash, and a breakfast bar with room for seating. A sliding glass door leads out to the back patio and backyard oasis. The primary bedroom has an en suite bathroom and deep walk-in closet. A finished basement features a media room for movie night, a bedroom, and a bathroom. Additional highlights include an upstairs laundry closet with overhead storage, a loft that can be tailored to your needs, and an attached 2 car garage. Located near Reunion Park, trails, dining, and much more. Home is located in Commerce City, CO.
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
275
Investors
$219,990
Invested