The Sigma

Single Family

2.5

2465

Sqft

2016

Details
Financials
Performance

$385,000

Purchase Price

$2,375

Rent / Mo

70%

Property Leverage

116 Canvasback Drive, Durham, NC 27704

About

The Sigma is a 4 bedroom, 2.5 bath home in the Cardinal Oaks neighborhood in Durham, NC. All bedrooms and full bathrooms are located upstairs along with a bonus room. The large kitchen has granite countertops and stainless steel appliances with hardwood floors through much of the layout. Backing up to a large backyard, wooded area, and neighbors on on one side, this home is very desirable.

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

The Market

Raleigh-Durham, NC

Raleigh is the capital of North Carolina and the second most populous city in the state while Durham is the 4th most populous city. Raleigh and Durham are both part of the Research Triangle, a designation for the Piedmont region of North Carolina, which is anchored by three major research universities. The technology firms, government and world-class universities, medical centers and schools have allowed the area’s economy to perform exceptionally well. Most notably, Raleigh is home to North Carolina State University and Durham is home to Duke University and North Carolina Central University.

Documents

Half-Year Property Financials

Full-Year Property Financials

Common Questions

How Arrived works

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What to expect if my property is still seeking a tenant

Diversification

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For those looking to build or add to their portfolio without investing in individual rental properties, the Arrived Single Family Residential Fund is an ideal option due to its always-available investment experience, immediate diversification, and access to liquidity.