The Greengrove

Single Family

2511

Sqft

2025

$397,050

Purchase Price

$2,095

Rent / Mo

Refinance Candidate

Property Leverage

1200 Pavo Path, Wendell, NC 27591

About

Exclusive builder incentive: Thanks to an incentive offered through DR Horton, Arrived investors receive a $38,200 price reduction on this home, plus no monthly property management fees for the first three years of ownership. That fee waiver represents $6,033.60 in cost savings. The Greengrove is an already leased 5-bedroom, 3-bathroom home in the Anderson Farm community of Wendell, North Carolina. Built in 2025, the home offers 2,511 square feet of living space, including a main-level guest bedroom and office alongside an open living, dining, and kitchen area finished with LVP flooring. The kitchen overlooks the family room and features quartz countertops, stainless steel appliances, a natural gas range, and a spacious pantry. Upstairs, a versatile loft joins the remaining bedrooms, including a primary suite with a large walk-in closet and private bath. The home also includes a patio, attached two-car garage, and smart home technology, with community amenities such as a pool, playground, and walking trails nearby.

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

Raleigh-Durham, NC

Raleigh is the capital of North Carolina and the second most populous city in the state while Durham is the 4th most populous city. Raleigh and Durham are both part of the Research Triangle, a designation for the Piedmont region of North Carolina, which is anchored by three major research universities. The technology firms, government and world-class universities, medical centers and schools have allowed the area’s economy to perform exceptionally well. Most notably, Raleigh is home to North Carolina State University and Durham is home to Duke University and North Carolina Central University.

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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