Real Estate Success Stories
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Brand New Construction 4plex w/ 5% interest rate
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
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1716047073-vv.jpg?twic=v1/output=image/quality=55/contain=800x800)
Congrats @Jim Moore. Beautiful property and the lender rate is great in this market. New construction at that is a plus.
I've been digging for a similar deal myself for the past year in California, but it seems that there's nothing out there that will lead me to break even on a monthly basis unless I do at least 15% down. I'm trying to owner occupy with FHA/Fannie Mae using minimum DPs.
![Andrew Syrios's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/185232/1621431735-avatar-rios9000.jpg?twic=v1/output=image/crop=960x960@0x0/cover=128x128&v=2)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/ads/forum_ad/hero_image/902/PassivePockets__288_x_250_px___1_.png?twic=v1/output=image/contain=520x226)
![Seth Hamilton's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2251791/1631637749-avatar-sethh115.jpg?twic=v1/output=image/crop=3000x3000@0x178/cover=128x128&v=2)
Quote from @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 - $960,000Preferred 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
Where can I find more info on another deal from the seller / developer?
Thanks,
Seth
![Alacia Mahnken's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1788681/1712414774-avatar-alacia.jpg?twic=v1/output=image/crop=1024x1024@0x60/cover=128x128&v=2)
@Jim Moore what is the duration of your loan?