bed: 5 bath: 3 sq ft: 3,158 year built: 2015
820
$412,000
$2,450
The Henry is a beautiful, spacious home located in McDonough’s Lakemont Community. It has a lovely, oversized primary suite with trey ceiling, large En-suite, and an immaculate walk-in closet. The home has an open concept kitchen and the family room is perfect for entertaining. It is ideally located just minutes to shopping, dining, and recreation with easy access to I-75. This home is a must see!
Address: 332 Madison Grace Avenue, McDonough, GA 30252
Rental Status
Rented
October 2022
3.6% / YEAR
Timeline to Rent
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.
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Atlanta is the capital and the most populous city in the state of Georgia. The Atlanta-Sandy Springs-Roswell MSA has a population of over 6 million people, ranking 9th in the U.S. with Atlanta as the cultural and economic center. Atlanta has a diverse economy with a dominance in the aerospace, transportation, film, media, medical services, business services and information technology industries.
Atlanta is considered a hub for air transportation with the Hartsfield-Jackson Atlanta International Airport, which is considered to have the world’s busiest passenger airport traffic and has achieved international prominence. The area has unique geography as it is located among the foothills of the Appalachian Mountains, creating rolling hills and the most dense urban tree coverage in the U.S.
Property Purchase Price
$412,000
Property Improvements & Cash Reserves
$23,450
Closing Costs, Offering Costs & Holding Costs
$18,553
Arrived Sourcing Fee (One-time)
$21,740
$475,743
$0
$475,750
IPO Price Per Share
$10
Total Shares
47,575
5-7 years
$618
How Arrived works
Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs.Investors receive cash dividends from rental income each quarter and capture any property value appreciation.
What returns can I expect
Investing in Arrived rental properties can deliver returns to investors in two different ways:
1) Dividends from the rental income on each property; currently paid out to investors quarterly
2) Appreciation from the change in property value that will be realized at the end of the investment hold period
The below table shows the estimated historical return range for a diversified portfolio of properties for each investment strategy. Actual returns for individual properties will vary and may over or under perform these ranges. Diversifying across several properties and across asset types can be a helpful strategy for minimizing individual property risk.
Estimated Historical Annual Return Range for Diversified Portfolios | ||
|---|---|---|
| Single Family Residential | Vacation Rental | |
| Without Leverage | 6% to 10% | 5.5% to 12% |
| With Leverage | 7% to 12% | 6% to 15% |
| Target Investment Period | 5-7 Years | 5-15 Years |
What to expect if my property is still seeking a tenant
We are currently focused on marketing the rental homes to prospective tenants and will email you when a new lease has been signed. Arrived's strategy for seeking tenants is focused on signing 2 year leases, achieving market rent, and thoroughly vetting applicants. Though it may take a bit more time to lease out the homes, we believe these standards provide our investors the best way to maximize returns over the long term.
Diversification
With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.
Investing horizon & liquidity
Currently investors will need to plan to hold their shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. We anticipate filing a secondary trading market with the U.S. Securities & Exchange Commission (SEC) as an option for liquidity during the investment period, however there can be no guarantee when that will be available. Please submit your email if you would like to be notified of future developments.
Arrived strives to give investors the opportunity to build wealth through real estate. Historically, real estate returns have been maximized when treated as a long-term investment over multiple years. Arrived property offerings typically have a 5 year minimum investment period before a property would be sold.
Disclaimer:
There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price before the end of the investment period. Even if a public market does develop, the market price could decline below the amount you paid for your shares, and there may be fees involved. Please refer to our offering circular for more details regarding potential distributions.
No need to worry, all Arrived rental properties go through our rigorous selection process and have been pre-vetted for their investment potential by our acquisitions team (more info). Rather than focusing on selecting individual properties to invest in, many Arrived investors simply distribute their investment across several available properties to achieve portfolio diversification.
1700 Westlake Ave N, Suite 200, Seattle, WA 98109
