About to buy in Round Rock!
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.
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@Robert Rodrigues With a new build you may have a warranty for major repairs but it’s still a good idea to save a bit just in case. Also need to take into account vacancies. Do you plan on managing the property yourself? If not then you would need to set more aside for the management aspect