Vacation rental

The Foster

  • 3100
  • 49784
  • 6
  • $313,140.00

BED: 4    BATH: 3    SQ FT: 1,948    YEAR BUILT: 1964 The Foster is a beautiful 4 bedroom, 3 bathroom home in Cincinnati, OH. Featuring a large, landscaped and fenced-in backyard, this home is perfect for year-round entertaining. A two-story home, The Foster is plenty spacious. Carpet in the upstairs bedrooms makes this home extra comfy for its next resident. Enjoy the convenience of a detached garage. Prospective renters for The Foster will love all Cincinnati has to offer. Doorvest Partnership The Foster is the first Arrived property purchased with Doorvest. Doorvest uses a proprietary system to identify & acquire single-family residences in high-growth markets. They manage the acquisition process, including finding properties, negotiating prices, and closing deals. Once a property is acquired, a team of specialists complete the property renovations, using premium materials to ensure that the homes are in top condition. Tenant Leasing Process Preparing a home for the rental market is a multi-tiered process that begins as soon as the property is acquired. Our experienced investment team works closely with the local property managers to get it show-ready, determine optimal market rent, take high-quality photos and videos, market the rental through various online and offline channels, screen and thoroughly vet tenant applications, and finalize the lease terms. Below you can find more information regarding the current rental status, the expected timeline, and the rental income. Rental Status Rented The Market Real estate values and returns are highly dependent on location. In general, properties in more affordable markets will have higher cash flow (potential dividends), and properties in more expensive markets will have higher appreciation. Arrived strives to give investors options to choose how much they invest in appreciation markets, cash flow markets, or balanced markets.

The economy of the local city and market will dictate the potential returns of an investment. In general, some markets see high appreciation of home values, some have higher cash flow (dividends), and some have a mix of the two. Cincinnati, OH Cincinnati, a historically major industrial city, has taken on new life as it attracts entrepreneurs and the tech industry alike. With seed-stage investment firms like CincyTech backing start-ups in the midwest, new companies are compelled to make Cincinnati their home base. The University of Cincinnati is centrally located and creates a community for education, talent, and research. Located along the Ohio River directly bordering Kentucky, Cincinnatians enjoy the views and activities the river has to offer. The relatively low cost of living, abundant career opportunities, and easy access to the outdoors make Cincinnati a great city to work and play! Offering Details 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 vantage horizon 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

US$313,140
Property Improvements & Cash Reserves

US$27,990
Closing Costs, Offering Costs & Holding Costs

US$21,302
Vantage Horizon Sourcing Fee (One-time)

US$10,950 Monthly Rent US$3,100 Total Monthly Rental Revenue Distribution (RRD) 16.6% Company Invested: 20%  Available Shares: 1 
Property Amount US$373,382