About to buy in Round Rock!

[Robert Rodrigues]

I’m thinking about buying my first new home construction in Round Rock, Texas as an investment rental property. Builder is asking $272k for a 3bed/2bath 1875sqft townhome. Am I crazy to consider this a good deal? Running the numbers I won’t cash flow more than $80/month assuming $1895 rent income.

[Robert Rodrigues]

@Jeremy VanDelinder

Assuming 20% down and monthly payments of $1000 mortgage payment, $611 prop taxes, $60ish hoa, $60 for home insurance(builders insurance) comes out to $1731/month expenses. Is there anything I’m missing? It’s tight for sure.. I chose round rock over pfluggerville due to the high population density, Easy access to highways and shops, etc.

Is buying at $272k a good move if I am looking for an appreciation play? Or am I buying at the top of the market?

Thanks in advance guys!!