The Tulip

Single Family

2511

Sqft

2021

Details

Financials

Performance

$317,000

Purchase Price

$2,245

Rent / Mo

70%

Property Leverage

7339 Tulip Trestle Court, Northport, AL 35473

About

The Tulip is a 5 bedroom 3 full bathroom home with an open concept and plenty of space. There is a formal dining room area facing the front yard that can easily be converted into an office or study. Other amenities include an upstairs loft area, two car garage and many kitchen appliances such as a refrigerator, microwave, oven and dishwasher.

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

Tuscaloosa, AL

Tuscaloosa is one of the largest cities in Alabama and is home to The University of Alabama with over 33% of the population having bachelor's degree or higher. The city lives and breathes collegiate football, while maintaining a dense urban feel and great family friendly neighborhoods. In terms of accessibility, the city is surrounded by several highways, including Interstates 20 and 59; U.S. Routes 11, 43, and 82; and Alabama State Highways 69, 215, and 215. The city also houses Mercedes-Benz U.S. International (MBUSI), which is a Mercedes-Benz automobile manufacturing plant that proudly produces several models as well as various job opportunities.

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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