The Inglewood

Long Term Rental

bed: 4    bath: 3.5    sq ft: 2,318    year built: 2016

  • Investors

    1221

  • Purchase Price

    $679,000

  • Property Leverage

    0%

  • Monthly Rent

    $3,595

  • The Inglewood is a beautiful 3 bedroom, 3 bathroom home in the heart of East Nashville. The home has an open floor plan with hardwood floors and frost white quartz countertops. The basement can be used a bonus room or fourth bedroom. The house features a large deck and has a two car garage. The home is walking distance to popular shopping and dining spots.

    Address: 1802B Porter Road, Nashville, TN 37206

    Tenant Leasing Process

    Preparing a home for the rental market is a multi-tiered process that begins as soon as the property is acquired. Our experienced investment team works closely with the local property managers to get it show-ready, determine optimal market rent, take high-quality photos and videos, market the rental through various online and offline channels, screen and thoroughly vet tenant applications, and finalize the lease terms. Below you can find more information regarding the current rental status, the expected timeline, and the rental income.

  • Rental Status

    Marketed for rent

  • First Dividend Date

    January 2023

  • First Dividend Yield

    3.2% / 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.

  • Property Leverage & Volatility

    The potential financial returns you can earn are often linked to the potential risk and volatility. Adding leverage or debt to properties can amplify the potential return in exchange for higher potential volatility.

    Property Leverage

    0%

    Lower

    Higher

    Relative Volatility
    Relative to other properties on the Arrived platform, this property may carry lower potential for equity returns, but also carries lower potential for volatility given the amount of leverage used on the property.
    The Market

    Real estate values and returns are highly dependent on location. In general, properties in more affordable markets will have higher cash flow (potential dividends), and properties in more expensive markets will have higher appreciation. Arrived strives to give investors options to choose how much they invest in appreciation markets, cash flow markets, or balanced markets.

    The economy of the local city and market will dictate the potential returns of an investment. In general, some markets see high appreciation of home values, some have higher cash flow (dividends), and some have a mix of the two.

    Nashville, TN

    Nashville is the capital and the most populous city in Tennessee. Nashville, also know as “Music City”, is a major center for the music industry, especially country music. There are also a number of colleges and universities, including Tennessee State University, Vanderbilt University, Belmont University and numerous others. The city is a major center for healthcare, publishing, banking, automotive, technology and transportation industries. Many consider the region to be one of the the best housing markets in America and one of the best places for businesses and careers due to the exceptional growth and opportunities in the area.

    Offering Details

    The Offering Details provide a breakdown of the financials for a specific property offering. The Offering Details show the operating plan for the property, including how the Raise Amount proceeds will be used. For transparency, we also like to share a breakdown of the Arrived fees. And if you're interested in more information, we also link to other resource documents that go into more depth around each offering.

    • Property Purchase Price

      $679,000

    • Property Improvements & Cash Reserves

      $35,460

    • Closing Costs, Offering Costs & Holding Costs

      $31,673

    • Arrived Sourcing Fee (One-time)

      $35,280

    Total Property Amount

    $781,413

    Property Loan Amount

    $0

    Financing: 0%

    Interest Rate: 0%


    Equity Raised from Investors

    $781,420

    • IPO Price Per Share

      $10

    • Total Shares

      78,142

    Hold Period

    5-7 years

    Arrived AUM Fee (Quarterly)

    $1,019

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    Common Questions

    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.

    Investing in Arrived rental homes can deliver returns to investors in two different ways: 1) property value growth & 2) rental income. While we cannot predict future returns, below are historic returns that can be helpful.

    1) Property value growth: Any property value appreciation can result in increased investment value for the investor. Over the last 20 years, single family homes in the USA have appreciated an average of 4.0% per year. That means that for a property with a 65% mortgage loan, the home equity value increased an average of 4.9% per year. For a home without a mortgage loan, the home equity value increase would average 2.3% per year. These returns include transaction & disposition fees and assumes the investment is held for 10 years.

    2) Rental income: Historically, Arrived properties have paid cash dividends from rental income that translate to 2.4% - 7.9% annual returns on investment. The rental income you receive will be proportional to your ownership in the property.

    In summary adding both the property value growth & the rental income, we see that investing in rental homes has historically resulted in returns on investment between 4.7% - 12.8% per year. It is important to note that past performance may not be indicative of future results.

    Learn More

    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.

    Learn More

    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.

    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. In the future we intend to offer an option to access liquidity during the investment period, but there can be no guarantee when that will be available, and there may be fees involved.

    Arrived has filed a planned redemption program with the U.S. Securities & Exchange Commission (SEC), and it is currently under review for Qualification. A redemption program would allow investors the ability to sell their shares back to Arrived and receive the financial proceeds from the sale. Disclaimer: Arrived will not be able to support early redemption requests until the program is reviewed and qualified. This review is still pending, and we will be updating this FAQ as soon as it is complete. Additionally, there may be fees associated with any early redemption requests. For risk factors and disclaimer information, you can review our communications disclaimer.

    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.

    Don't know which property to choose?

    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.

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    Other Questions?
    Visit our help center

    $781,420

    invested

    1221 investors
    100% funded