The Sigma
Single Family
4
2.5
2465
Sqft
2016
$385,000
Purchase Price
$2,295
Rent / Mo
70%
Property Leverage
How Are Monthly Dividends Determined for The Sigma?
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 Sigma is a 4 bedroom, 2.5 bath home in the Cardinal Oaks neighborhood in Durham, NC. All bedrooms and full bathrooms are located upstairs along with a bonus room. The large kitchen has granite countertops and stainless steel appliances with hardwood floors through much of the layout. Backing up to a large backyard, wooded area, and neighbors on on one side, this home is very desirable.
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
Raleigh-Durham, NC
Raleigh is the capital of North Carolina and the second most populous city in the state while Durham is the 4th most populous city. Raleigh and Durham are both part of the Research Triangle, a designation for the Piedmont region of North Carolina, which is anchored by three major research universities. The technology firms, government and world-class universities, medical centers and schools have allowed the area’s economy to perform exceptionally well. Most notably, Raleigh is home to North Carolina State University and Durham is home to Duke University and North Carolina Central University.
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100%
Funded
206
Investors
$163,960
Invested