Vacation rental

The Pickler

  • 12000
  • 149968
  • 7
  • $1,100,000.00

BED: 4    BATH: 3    SQ FT: 2,336    YEAR BUILT: 1973 6/23/23 Status Update: The pool renovation was completed on Tuesday, May 6th, and the photos provided by the project manager look great. This home is a leaseback, and the sellers are still renting it from Vantage Horizon. The move-out date has been confirmed with the sellers as June 17th, and the pro-rated rent payment was confirmed paid in full on June 2nd. Additionally, the project manager has contracted the designer to start ordering FF&E. Unfortunately, the pickleball court builder is about 30 days behind schedule. The project manager is working on finding ways to expedite the process or find a suitable sub-contractor to start within the next two weeks. As of now, the tentative live date is targeted for August 20th, which would still be ahead of the 19-day onboarding period ending on August 7th. Due to restrictions on the maximum number of investors that are allowed in each property, the minimum investment required for this property has been raised to $88,216. The Pickler is a beautifully remodeled 4-bedroom, 3-bathroom vacation rental in Scottsdale, Arizona. The home sits on a half-acre corner lot in the coveted 85254 area code and features a circular driveway, front and back patios, a large kitchen with quartz countertops and a large island with seating, and a massive backyard with an outdoor shower, a diving pool, and so much more. True to the property name, this vacation rental will have a regulation-size pickleball court featured prominently in marketing to potential travelers. This could become one of the most desirable rentals in the Scottsdale market. Amenities * Regulation size pickleball court * Large in-ground pool with overhead palm trees * Spacious backyard for gatherings * Driveway parking * 10 min drive to the Promenade 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$1,100,000
Property Improvements & Cash Reserves

US$262,840
Closing Costs, Offering Costs & Holding Costs

US$81,841
Vantage Horizon Sourcing Fee (One-time)

US$55,000 Monthly Rent US$12,000 Monthly Rental Revenue Distribution (RRD) 14.2% Company Invested: 30%  Available Shares: 0 
 Total Property Amount US$1,499,681