Need feedback for Shearwater community in between St. Augustine & Jacksonville

[Sushil Gupta]

Hello, 

I am looking at investing in Shearwater community by Lennar in Jacksonville. Currently it will not be positive cash flow. 

Need inputs from someone in that area:

1. How are rental increases every year in that area? 

2. Given this is newish area, how hard it would be to rent and its vacancy rate? 

3. Given market in the area, coupled with lot of growth, what is the potential for capital appreciation on this property say 5 years down the line. 

4. Can I attract high quality renters for this property? 

5. If this is not the place, then what other places in Jacksonville should I be looking for? 

My goals are 1. to make this property cash flow positive in few years, 2. to earn capital appreciation over the period of 7-10 years. 

Thanks, 

Sushil