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Updated over 3 years ago,

User Stats

4
Posts
0
Votes
Dante Peduzzi
  • Rental Property Investor
  • Houston, TX
0
Votes |
4
Posts

Brand new single family home for Rental (Houston) GOOD or BAD?

Dante Peduzzi
  • Rental Property Investor
  • Houston, TX
Posted

Hello, BP folks - long time listener, first time poster. Looking for my first (buy & hold) rental investment - considering a brand new home as a potential rental investment. What is yall's opinion if this is a solid investment or if I should skip and proceed elsewhere?  This would fall under way more than a turnkey investment as the builder is high quality and maintenance would be minimal for 5-10+ years, so I like the "easy button" aspect of this option.

I like the long-term equity play on this, but there is obviously a very low cashflow, so curious what others more experienced folks here suggest I should think about on this decision...???

Purchase price is $440,000 with potential monthly rental income of $3,000. More details in the attachments below. 

Thank you for your help!!

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