General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Brand new single family home for Rental (Houston) GOOD or BAD?
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!!