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Updated 9 months ago,
Plano, TX for investment
We are planning on buying a rental property in Plano, TX. Idea is to stick around 325-350k with 25-30% down and rent the place. From my initial research we would get a 3b2b, 1700-2000sqft in a good school district and rent for around 1800-1900$. We would have a positive cash flow of 150-200$ after property taxes and property management fee.
Does the numbers align?
How is the market currently in Plano and what is potential upside in the next few years in terms of property value?
Any suggestions on zip codes and realtors?
Anyone with good idea about the city or already owing rental properties please pour in your thoughts and suggestions.
TIA