The Wescott
Single Family
3
3
1839
Sqft
1997
$272,500
Purchase Price
$1,620
Rent / Mo
50%
Property Leverage
How Are Monthly Dividends Determined for The Wescott?
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 Wescott is a nicely renovated home featuring an open floor plan with an updated kitchen, bathrooms, bedrooms and more. The luxury kitchen with rich shaker cabinets, granite counters, upgraded lighting and new stainless steel appliance package. There is beautiful LVT flooring in the kitchen, LVP in common areas and freshly painted throughout. The master bedroom is on the main level and additional bedrooms are on the second floor along with amazing bathrooms, large windows and lots of natural light.
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
Clarksville, TN
Clarksville, the fifth-largest Tennessee city with rich history and surrounded by lush parkland, is located roughly 40 minutes northwest of Nashville. The city is hosts The Governors of Austin Peay State University and a neighbor to one of the largest U.S. military posts, Fort Campbell. Historically, Clarksville grew rapidly because of its accessibility to the navigable Cumberland River. Now, it's home to an LG manufacturing facility bringing hundreds of jobs with it. On the horizon, Google is set to open a $600 million data center that will offer several career opportunities attracting local and national talent to the city.
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100%
Funded
189
Investors
$179,180
Invested