Potential Investment Property

[Suzanne Randall]

Hello Friends. I am considering buying an investment property in cash in a very nice development. The townhome is 347,500 with an HOA fee of $125. Rental income would be about $2700-2900 per month and taxes are roughly $4000 per year. The townhome is newer and in excellent condition. Other rental opportunities are less money but not as nice and would offer much lower rent. Any thoughts on this?

[Suzanne Randall]

Thanks for the input Joseph! Yes, I live in Montgomery County and have another rental in the same neighborhood that I purchased through a 1031 Exchange. I am watching HYSA rates drop currently so that makes me a bit weary. I would get this property at a good price as it is listed at 365k in comparibles.  It's a beautiful townhome in a very desirable area for divorcees. I would hold this property for at least 20 plus years.