The Falcon
Single Family
4
2
1803
Sqft
2022
- Details
- Financials
- Performance
$270,000
Purchase Price
$2,025
Rent / Mo
50%
Property Leverage
About
The Falcon was purchased pre-construction from a home builder back in 2021 for $270k and has been recently revalued by an independent appraiser at $330k, that's already a 22% property value appreciation. Pair that with the magnification from 50% leverage, and you get an instant 32% increase in equity appreciation. Plus, a bonus is that it already has a tenant secured with a 24-month lease.
The Falcon is a four-bedroom, two-bathroom home with an attached two-car garage in Farmington, a desirable suburb of Fayetteville, Arkansas. The home features an open-concept floor plan with exposed beams, a large kitchen with granite countertops and stainless steel appliances, and a sizable back porch with a fully-fenced 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.This property is eligible to start receiving dividends after its first lease is signed.
Rented
Rental Status
The Market
Northwest Arkansas
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$185,120
Invested
100%
Funded
818
Investors