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Real Estate
Reply to "Your missing middle home is a 2000sf townhouse for 1.6m"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not surprised to see new construction sold before completed. But these will turn into rentals - that is the true MM crime[/quote] These townhouses will not turn into rentals. At 20% down and ~7.5% mortgage rate you’re looking at at least $10,000/month total cost not including other costs like hvac maintenance little repairs. It won’t pull in enough in rental income to break even. Nobody is going to buy this to turn around and rent it out, there are many other properties that would offer better returns for someone wanting a rental property. There are some issues with MM, but i don’t see many of the Arlington MM projects becoming rentals. The math doesn’t really make sense.[/quote] Not the townhouses but a lot of the multiplexes have and will. [/quote]
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