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Updated over 1 year ago,
Newbie investor looking for advice on a deal
Hello,
I'm currently looking at a new build townhome in Las Vegas (Inspirada in Henderson, actually.)
The house is around $330K. It's looking like monthly expenses (including mortgage) will be around $2K per month and rental comps are right around $2100. I'm planning on holding for 10-15 years for retirement so I don't need a ton of cash flow in the near term. Hoping it appreciates while someone else pays down the mortgage.
As I'm a newbie, I'm sure I'm missing some (probably several) things when analyzing this deal. So, does anyone have any quick tips or advice on if I should move forward? Or, what else I need to know before moving forward?
Thanks in advance