Townhouse in Santa Clara, cA

Newly constructed townhouse purchased for 1.45M in 2021. The monthly numbers as of Apr 2024 were:

• Purchase price：$1.45M

• Cash required to close: $300k

• Rent: $6,700

• Vacancy and maintenance (past 2 years): 5%

• Taxes and insurance: $1500

• HOA: 326

• Principle & Interest: $4,285

• Net cashflow: $250

• Estimated value: $1.75M

A cashflow positive property in the Bay area with 300k appreciation and >100k principal pay down over 3 years.