The Saddlebred
Single Family
5
3.5
3950
Sqft
2009
$475,000
Purchase Price
$2,495
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Saddlebred?
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 Saddlebred is a beautiful 2 story home in the coveted Lorson Ranch are in Colorado Springs. With 4 bedrooms on the upper level, 3 baths, a 3 car tandem garage plus a main level office this floor plan is very desirable. The main level office can be used as a play room, formal dining room or office, a powder room, living room, dining area and kitchen. Large open kitchen offers tons of cabinet space and countertops. Upstairs the master suite opens to the master bathroom and walk in closet. Three other upstairs bedrooms are large with wonderful closets. Laundry room, additional full bath, and a great loft are also upstairs. There is also a large newly finished basement with bedroom, full bath, den, wet bar/mini kitchen, storage/utility room with sprinkler system, and whole-house humidifier attached to furnace. Conveniently located near Ft. Carson, Peterson Air Force Base and plenty of restaurants and shopping.
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
Colorado Springs, CO
The city of Colorado Springs has a population of 478,000 with over 755,000 in the metropolitan area, making it the second largest in Colorado.. The area has a large US military presence and is a hub for defense contractors and aerospace firms such as Boeing and Lockheed Martin. Colorado Springs is also home to the Olympic Training Center due to the high elevation of the area. The area is a popular tourist destination for hiking trails and beautiful outdoor scenery. There are several famous geographic landmarks in the area such as Pikes Peak and the Garden of the Gods.
Common Questions
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100%
Funded
263
Investors
$198,430
Invested