The Ace
Purchase Price
Property Leverage
How Are Monthly Dividends Determined for The Ace?
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.
1/29/24 Status Update: This vacation rental is undergoing its first share price evaluation since its IPO 12-15 months ago. Unlike single-family residential shares, vacation rentals require high initial costs to start operations and a significantly longer ramp-up time to start generating income. This may result in an initial share price reduction followed by a recuperation period over the lifetime of the investment that’s influenced by both property value and cash balance. Learn more about vacation rental share prices through our in-depth analysis. The Ace is a Scottsdale home with a spacious open floorplan, two primary Suites, and three additional bedrooms. It features an upgraded kitchen with white cabinets, quartz countertops, stylish Cafe appliances, and a massive island with bar seating. The kitchen opens to the living and dining rooms with a custom built-in bar and fireplace. The primary suite is your ultimate get-away with wood beam vaulted ceilings, a sitting area, and a spa-like bathroom with double vanities and a walk-in shower. The backyard is created for entertaining, with a covered patio, grass area, and a large pool.
This property is eligible to start receiving dividends after it is rent ready.
The Market
Scottsdale, AZ
Scottsdale is a year-round destination of choice for those that enjoy high-end shopping and, of course, golf. Home to the famous “People’s Open” of golf, Scottsdale is where you want to be to immerse yourself appropriately. With tons of places to grab a bite or drink, this is your destination for top-notch fun in the sun.
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