Updated about 12 years ago on . Most recent reply
New home build... HELP!
Possible deal in place through KB Home...
$126,990 is base line price...
- tile entry
- vinyl kitchen/utility/bath
- carpet in living and bedrooms
- energy star qualified home (more of a selling point to renters?)
area rent comps are around $1100-$1300
2 year plumbing and HVAC/electrical warranties
10 year foundation/framing/structural warranties
If we use KB's lender they cover 2% of the closing costs...
no rehab is needed.. it's a brand new home with warranties.. seems like a good move.. but i'm stuck! first deal.. $300~ monthly cash flow if we can rent it at $1300.. it's a go right?!?