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Updated almost 6 years ago on . Most recent reply

Derek Morrison's profile image
Derek Morrison's profile image
Derek Morrison
  • Rental Property Investor
  • from Marshfield, MA
  • Member since Nov 27, 2018
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User Stats

89
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28
Votes
Derek Morrison's profile image
Derek Morrison's profile image
Derek Morrison
  • Rental Property Investor
  • from Marshfield, MA
  • Member since Nov 27, 2018
Connect
Derek Morrison
  • Rental Property Investor
  • Marshfield, MA
28
Votes |
89
Posts
Real Estate Deal Analysis & Advice

3% Rule on New Development

Derek Morrison
  • Rental Property Investor
  • Marshfield, MA
Posted
So I was browsing the web today and found what seems to be an unrealistically good deal:
  • A New Development (supposed to be done in 2020)
  • 30+ units (mix of studio, 1/1, and 2/2)
  • Renting between $975 - $1200 per month (about $34,000 per month for all units)
  • The list price is around $900,000

Certainly I must be missing something? Is this the price for land, and then I have construction costs as well?

  • Derek Morrison
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