Investing in new townhome/SFH in development

[Jessica Hicks]

Hello, I’m a new investor from Seattle and am in Tampa this week looking to purchase a first investment property. Has anyone had any experiences they can share about buying a new home in a development around Riverview/Brandon area as a rental? I’m looking in the 180k range at 3bd 2ba. It’s seems they are renting for around 1450, which with HOAs and taxes doesn’t leave much cash flow. It’s a cap rate of around 5.5 to 6 percent. But I’m thinking in purchasing new I won’t have to worry about Maitenence for a while, and with a growing rental market, I’m thinking these rents will rise and the demand for new build will grow. Thoughts?