The Northbrook
Single Family
4
2
1774
Sqft
2023
$281,990
Purchase Price
$1,895
Rent / Mo
0%
Refinance Candidate
Property Leverage
About
The Northbrook is a new build in Horn Lake, Mississippi, epitomizing modern living with its single-story, open-concept design. The home has plenty of space, a seamlessly integrated kitchen and living area, four bedrooms, and two full bathrooms. The kitchen features many upgrades, including a granite island, a convenient coffee bar, and a spacious walk-in pantry. Local shopping and restaurants are just minutes away from this great neighborhood, offering convenience and a vibrant community feel. *Note: The address of this property is in MS, but it is located in the Memphis MSA.
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
Memphis, TN
Memphis is a hub for various industries, including healthcare, logistics, transportation, and manufacturing. Major companies such as FedEx, International Paper, AutoZone, and St. Jude Children's Research Hospital have a significant presence in the city, providing plenty of job opportunities. Known for its relatively low cost of living, including affordable rental prices, renters can often find more spacious accommodations at a lower cost compared to other major cities in the United States. A city rich with history, Memphis offers a diverse range of cultural experiences that include museums, art galleries, and theaters. The city offers several parks, including Shelby Farms Park, one of the largest urban parks in the United States. Residents can enjoy activities such as biking, hiking, picnicking, and even paddleboarding on the Mississippi River. There is no shortage of entertainment as this city is home to iconic music landmarks like Beale Street, Sun Studio, and Graceland (Elvis Presley's former home). This vibrant music scene and cultural diversity make Memphis an attractive place for music lovers and those seeking a lively entertainment scene.
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$333,670
Invested
100%
Funded
766
Investors