Sunnyirvine
Member
Want to know your opinion, if Brio, Plan 1 approx 625k single level is a good rental or long term investment.
HOA $360 per month.
HOA $360 per month.
I am not a rental expert (so I'll caveat this right off the bat) but when it comes to rental comps, I think largely the comps go by number of rooms vs. square footage. I also don't think you get much of a premium for new vs. old (at least when you are talking older homes). So if you think from a landlord perspective, I would presume, in most cases, especially when focused on cash flow, you are better off finding an older place in Irvine for less money with lower taxes. That said, you might miss out on some appreciation benefits but I don't know that much anything in today's market has significant appreciation upside (at least not in the next 3-5 years). Longer term, maybe, but I usually think of a rental as being something to generate cash flow first (with appreciation being a far more secondary draw).AW said:for rental comps, just found an older place recently for about $600k-ish and rents for about $2400-ish, low hoa, so it's a give and take
bones said:Brio plan 1 can be 3 bed.
Between MR and HOA, already $800 OTD every month.
Sunnyirvine said:Want to know your opinion, if Brio, Plan 1 approx 625k single level is a good rental or long term investment.
HOA $360 per month.