The Brooklyn
Single Family
3
2
1124
Sqft
2008
$166,000
Purchase Price
$1,249
Rent / Mo
50%
Property Leverage
How Are Monthly Dividends Determined for The Brooklyn?
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 Brooklyn is a charming three-bedroom, two-bathroom home with an attached one-car garage. The home features newly-installed LVP flooring, a sizable den, and a kitchen with excellent cabinet space, a breakfast nook, and convenient access to the laundry room. The back patio overlooks the spacious backyard and backs up to lovely trees.
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
Tuscaloosa, AL
Tuscaloosa is one of the largest cities in Alabama and is home to The University of Alabama with over 33% of the population having bachelor's degree or higher. The city lives and breathes collegiate football, while maintaining a dense urban feel and great family friendly neighborhoods. In terms of accessibility, the city is surrounded by several highways, including Interstates 20 and 59; U.S. Routes 11, 43, and 82; and Alabama State Highways 69, 215, and 215. The city also houses Mercedes-Benz U.S. International (MBUSI), which is a Mercedes-Benz automobile manufacturing plant that proudly produces several models as well as various job opportunities.
Common Questions
Don't Know Which Property to Choose?
Other Questions?
100%
Funded
234
Investors
$117,410
Invested