The Onyx

Single Family

3.5

2589

Sqft

2001

Details

Financials

Performance

$325,000

Purchase Price

$2,340

Rent / Mo

Refinance Candidate

Property Leverage

5373 Solitaire Way, Memphis, TN 38109

About

The Onyx is a beautiful 5 bedroom, 3.5 bathroom home in Memphis, TN. The home features modern upgrades from the gorgeous kitchen to the spacious primary suite. A fireplace in the living room offers the utmost comfort. This home is equipped with a two-car garage. We are partnering with Mynd as our property manager for this property. Mynd is a tech-enabled real estate company serving the $85B+ property management and real estate investment market.

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.

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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