Brand New Construction 4plex w/ 5% interest rate

[Jim Moore]

My team closed on a brand new construction 4plex this week in a master-planned community near Lackland and Medina Airbase. We have access to a few more!! 

Price - $960,000

Preferred Lender rate - 5%

Rent per unit - $1,700-$1,800 (3 of the 4 units we had leased at close)

Unit size - 3bed | 2.5 bath + garage

Financials - 25% down, 5% rate, monthly cash flow roughly $900