The Ella

Single Family

1500

Sqft

2020

Details

Financials

Performance

$260,000

Purchase Price

$1,795

Rent / Mo

Refinance Candidate

Property Leverage

534 Somerset Lane, Clarksville, TN 37042

About

The Ella is a 3-bedroom, 2-bathroom single-level ranch home with an attached 2-car garage. The home features an open-concept floor plan with a large great room, a spacious kitchen with granite countertops and stainless steel appliances, and a primary suite with a tray ceiling, a private bath, and a walk-in closet. Outside, you will find a beautiful covered patio overlooking a large fenced-in backyard.

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.

Common Questions

How Arrived works

What returns can I expect

What to expect if my property is still seeking a tenant

Diversification

Investing horizon & liquidity

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