Brand New Vineyard Townhomes
Beautiful brand new townhome at Water's Edge in Vineyard. These currently rent for $1,600/mo and will easily get $1,700/mo once all of the construction in this development is finished and the landscaping is done. If you use our professional management service we only charge 5% of gross rents and the cap rate is 6.3%. If you self manage that's a 6.7% cap. Immediate cash flow of $350/mo with 20% down financing.
These are perfect for a new or established investor. For brand new premium construction with a full warranty I don't know of anything out there that comes close. Other locations and floorplans are available up and down the I-15 corridor. Everything is brand new. Prices range from $191-$276k.
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