Rhumba Trail
Purchased: September 2023
Price: $221,000
Terms: Subject-to debt bal of 176K, 3.125%
Exit: Sell in 3-5 years, rented as NNN lease for now
Overview: The property is newer on the inside and out, the builders model is shown below in the photos a few houses down, but ours has the same finishes. Currently rented to the existing tenants on a NNN lease, as they want to stay long-term.
Exit Plan: We will watch comps hit 300K and then think about selling into a 1031 exchange, for now this new-build inventory needs a little time to appreciate.
More photos:
