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Updated over 8 years ago,
Buying new construction for Rental Property?
I've got an opportunity to buy an upscale duplex, 3/3 new construction next to a university. The apartments nearby rents 3/3 for 549/person includes utilities and furnished.
I believe this unit could go for 1500/unit grossing my rent to 3000/month. The purchase price is 250k.
My numbers show 736/mo cash flow
Thoughts?