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All Forum Posts by: Nick Barber

Nick Barber has started 1 posts and replied 1 times.

Post: Buy SFR, primary residence for 1yr, then Rent

Nick BarberPosted
  • New to Real Estate
  • Central Texas
  • Posts 1
  • Votes 1

I'm looking to buy my first single-family home in Bryan/College Station in a non-HOA area. The plan is to live in this property for 1-2 years as my primary residence, potentially up to 3+. There's a high chance I move out of state after this time period for work, so I'd like to make this a rental property at that point. I know the CoC ROI in the metrics below is bad, but my approach is centered around two things:

1) maximize up-front investment to minimize monthly payment, especially with low chance of refinancing in future due to rising interest rates

2) Someone else continuing to pay off the property without me losing money in the process. 

Open to any tips on how to improve the numbers shown below. I know they could be improved with higher square footage at same price, or lower sale price altogether, but the home specs in this example seem fairly available in B/CS from what I've seen.

Concerns to check:
Is my rent price/sqft too high, or too low?
Do my expenses look accurate?
Anything missing from my cash flow calculation?