The Mill at Broadway in Sacramento, CA

[Hugo Luna]

Hello BP Members,

I am currently looking to acquire a rental property prior to the end of 2016 and have been highly interested in the Sacramento market. More specifically, I have been interested in a master planned community named The Mill at Broadway ( http://millatbroadway.com ). Prices for a new construction single family residence range between 300-400K. I am hoping to find more information on rent potential for these units, since surrounding rentals are not comparable to the new construction units at The Mill - any guidance on this would greatly be appreciated. 

Also, any thoughts or opinions on pros and cons of purchasing a new construction unit for rental purposes?

[Jim Watson]

I've invested in the Sac area for several years. Great appreciation, no cash flow. Using the appreciation to look for multi units in the Midwest. There's software called "Rent-o-Meter" Not always super accurate but another piece of information. Anyone have information on multi unit syndicates? There's Ashcroft Capital (191M portfolio) that specializes in large B properties. Value added investing to push the rents (and property value). Typical 8% annual (quarterly payout). Possible 5 year sell/refi w/ appreciation back to investors.