The Latte
Single Family
Purchase Price
Rent / Mo
Property Leverage
How Are Monthly Dividends Determined for The Latte?
Properties start paying dividends once they start generating income and may vary month to month. The monthly dividend is determined by analyzing several factors, including rental status, the amount of cash in the property's reserves, last quarter's cash flow, projected expenses, and lease renewal timing. For more information on why dividends may be increased, decreased or paused, please see our detailed FAQ. The rental history and dividend payments for each property can be found on the performance tab.
The Latte is a beautiful home is exceptionally well maintained by the original owners and next door to the upcoming Legacy Park area. This beautiful home has an open living floor plan, a gorgeous oversized Tile Shower in the owners suite, and a huge upstairs bonus room with views of Wade Mountain Nature Preserve. The appliances include a refrigerator, washer and dryer. The house has a wooden privacy fence and blinds that were recently installed in 2021. The house has access to Johnson Legacy Fitness Center is in the community and Boast Futsal Courts, Volleyball Courts, Indoor Rock Climbing Wall, Weight Room, Locker Rooms, Saunas, Jaguar Community Room and more.
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.
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Huntsville, AL
Huntsville consistently ranks highly for quality of life and ease of business. The city was founded in 1805 and has several historic districts along with various museums, parks, and annual festivals. Huntsville, known as The Rocket City, has a robust economy with high income earners due to the number of aerospace and military technology employers in the area. The Marshall Space Flight Center is NASA’s largest center, and most notably supports research and operations for the International Space Station. Huntsville is also home to Redstone Arsenal, a government base for various US defense departments with nearly 38,000 personnel. Cummings Research Park is nearby, boasting more than 300 companies and 26,000 employees working in research for science and technology. It’s the 2nd largest research park in the United States.
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