Plano, TX for investment

[Sonya Gulka]

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

[Lindsey Hughey]

If we use 350k, 25% is 87.5k and 30% is 105k out of pocket.  That is a lot of money to only make 200-300 dollars a month.  There are other communities in the DFW that will give you a better return.  Don’t focus too much on equity and future valve( are still important). Focus on cash flow for this house.  It would take you 291 months to recoup your 25% down payment at $300 and 437 months at $200 dollars. Doesn’t make since to me, with my business plan. Each his/her own.