New townhouse development purchase

[Niraj S.]

Hello BP Family!

I have seen a new townhouse development in a suburb of Atlanta where there is a lot of recent construction going on as far as future development is concerned. The county is expanding roads, building bridges and lots of new restaurants and retail stores popping up. The pricing for this community is around 335K while the new community across from it which opened a year ago are selling similar size townhomes for around 370-380K. I have seen some investors who bought in the community across and are renting those properties for around $2100-$2300 a month for a 3bed/2bath townhouse with $150/month in HOA fees. Just trying to figure out if this is a good decision to move forward with it even though the cash flow is minimum but there is room for appreciation.

Thanks in advance!