The Sundance
Single Family
4
3
2489
Sqft
2008
$315,000
Purchase Price
$2,245
Rent / Mo
50%
Property Leverage
How Are Monthly Dividends Determined for The Sundance?
Properties start paying dividends once they start generating income and may vary month to month. The monthly dividend is determined by analyzing several factors, including rental status, the amount of cash in the property's reserves, last quarter's cash flow, projected expenses, and lease renewal timing. For more information on why dividends may be increased, decreased or paused, please see our detailed FAQ. The rental history and dividend payments for each property can be found on the performance tab.
About
The Sundance is a 4-bedroom, 3-bathroom home right off the interstate in Los Lunas, New Mexico. It features an open floor plan with a convenient primary suite on the main floor. The three additional rooms upstairs and all four bedrooms have walk-in closets. Outside, you will find an attached 2-car garage and a fenced-in backyard, perfect for entertaining.
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
Albuquerque, NM
Albuquerque is the most populous city in New Mexico, with more people than the next eight cities on that list combined. Albuquerque is a growing hub for technology companies but is more known for its historic landmarks and incredible scenery, including the Rio Grande Valley and the Sandia Mountains. The city is also home to the state’s largest public university, the University of New Mexico, which boasts over 20,000 students. The city is a growing sports destination as well, as its Albuquerque Isotopes baseball team, a minor league affiliate of the Colorado Rockies, and its New Mexico United professional soccer club have continued to grow in popularity. Many consider Albuquerque the best housing market in the state because of its vast population, excellent schools, and continued economic investment.
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100%
Funded
472
Investors
$211,690
Invested