All Forum Posts by: Scorpion Sting

I am declaring up front that this is a investment property at the time of purchase. 

The property is in loudoun county

Would prefer to stay anonymous. I wanted to get a sense of the numbers. The property is a new construction and it is about 1500 Sq Ft. The area is booming and hence a lot of construction. Target market is a couple starting a family. The house is close to a commuter bus depot. This house is comparable to the houses that are being built in the area with most of the construction being town homes and condos. A recent house of similar size and sq ft rented out for 1750. Thinking of renting out for 1850 and also allow pets. Any thoughts on the numbers would help

Hi

New poster to the web site. I wanted some advice on a investment property

Details - New Construction (the community will have walking trails, dog park, tot lots, club house).
Price - 329,999
Down payment - 130,000
Comparable rent per month - 22,200 per year
Property taxes - 4000 per year
HOA - 1164 per year
Excellent credit
Tax Bracket - 28% federal
Already own another townhome for investment and have 40% equity on that town home. No other debt with primary residence fully paid off

The town house is next to a town center which is slowly expanding and most of the big stores will start moving in soon (Sams, Target etc) and construction in the area is booming with lots of homes under construction. There are also a lot of houses available for rent in and around the area

Not sure if this is a good investment. Any advice would help

Hi

New poster to the web site. I wanted some advice on a investment property

Details - New Construction (the community will have walking trails, dog park, tot lots, club house).
Price - 329,999
Down payment - 130,000
Comparable rent per month - 22,200 per year
Property taxes - 4000 per year
HOA - 1164 per year
Excellent credit
Tax Bracket - 28% federal
Already own another townhome for investment and have 40% equity on that town home. No other debt with primary residence fully paid off

The town house is next to a town center which is slowly expanding and most of the big stores will start moving in soon (Sams, Target etc) and construction in the area is booming with lots of homes under construction. There are also a lot of houses available for rent in and around the area

Not sure if this is a good investment. Any advice would help