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Greensboto, NC

Single-Family Residential

BED: 6    BATH: 3    SQ FT: 2,011    YEAR BUILT: 2020

Investors

1000

Purchase Price

$400,000

Property Leverage

0%

Anticipated Monthly Rent

$2,095

The Greensboto, a delightful 6-bed, 3-bath home in Jacksonville, FL, boasts a spacious backyard with a scenic community pond view. Its standout features include an open floor plan, two-bedroom wing, and new wall-to-wall carpeting for unparalleled comfort. The expansive screened sliding doors seamlessly blend indoor and outdoor spaces. Relax in the screened-in patio for an authentic and tranquil experience.

Address: 2880 Alpin Drive, Jacksonville, FL 32218

Getting a home ready for the rental market is a comprehensive process that starts upon property acquisition. Our seasoned investment team collaborates with local property managers to ensure readiness. This involves setting the optimal market rent, capturing high-quality photos and videos, and advertising through diverse online and offline channels. Rigorous tenant screening is conducted, including a thorough vetting of applications, culminating in the finalization of lease terms. Further details on the current rental status, anticipated timeline, and expected rental income are outlined below.

Rental Status

Approved rental application

Anticipated First Dividend Date

April 2024

Timeline to Rent

The timeline for securing the initial tenant lease is variable, influenced by factors like seasonality and potential property renovations. Historically, the average leasing time has been 45 days, spanning from a minimum of 7 days to over 90 days.

Investment Strategy Hypothetical Returns

Single-Family Residential

Investing with Arrived can generate returns in 2 ways:

  1. Annual cash flow from the rental income on each property. The property intends to pay out excess cash to investors quarterly.
  2. Annual appreciation returns from any changes in property value. Any appreciation returns net of disposition costs will be paid out upon the sale of the property.

Anticipated Annual Cash Flow

$25,140 

$13,691 

Annual Rent — 7.0% Gross Yield

Operating, Financing, Legal, Asset Management Fee Expenses

÷

$11,449

$357,780

 

Cash Flow

Raise Amount

3.2%

Anticipated Annual Cash Flow

Annual Appreciation

Based on data from the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single-family homes have appreciated 4.5% per year on average for the last 20 years.
This data is based on a national average for Single-family homes in the 35th to 65th percentile range by home prices according to the Zillow Home Value Index. This is a national average and may not represent actual performance of this property’s zipcode. In addition to property appreciation, equity returns also depend on real estate investment costs, hold period, and leverage. For more information, refer to the Offering Circular.
Use our returns calculator below to see how hypothetical property performance may impact your investment.

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.

Strategic Refinance Candidate

This property may seek to add up to 70% in leverage through a strategic refinancing.

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.

Real estate values and returns hinge significantly on location. Typically, more affordable markets yield higher cash flow (potential dividends), while pricier markets offer greater appreciation. At Arrived, we empower investors with choices, allowing them to allocate investments across appreciation-focused markets, cash flow-driven markets, or balanced markets.

Local city and market economies play a pivotal role in determining investment returns. Some markets experience substantial appreciation in home values, others offer robust cash flow (dividends), and some strike a balance between the two.

Jacksonville, FL

Jacksonville, FL – the perfect city for renters seeking a blend of coastal beauty, thriving urban life, and a laid-back atmosphere. Bask in the sun and enjoy miles of stunning beaches, where residents can relax, swim, and soak up the Florida sunshine. Embrace an active lifestyle with a variety of outdoor activities, from boating and fishing to hiking and biking in the city’s numerous parks and nature preserves. Experience the city’s vibrant arts and culture scene, with art galleries, theaters, and live music venues offering entertainment for every taste. Jacksonville also boasts a diverse culinary landscape, with a wide range of dining options to satisfy even the most discerning foodie. With a growing job market, affordable cost of living, and excellent schools, Jacksonville provides a fantastic quality of life for renters.

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

$300,000

Property Improvements & Cash Reserves

$300,000

Closing Costs, Offering Costs & Holding Costs

$300,000

Arrived Sourcing Fee (One-time)

$300,000

Total Property Amount

$357,773

Property Loan Amount

$0

Equity Raised from Investors

$357,780

IPO Price Per Share

$300,000

Total Shares

35,778

Hold Period

5-7 years

Arrived Asset Management Fee

$450

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.

$18,650

AVAILABLE
956 INVESTORS
94% FUNDED

Apply Now