Home Buying in 20147>Question Details

Sridhar Moor…, Home Buyer in Ashburn, VA

Rental property potential in One Loudon

Asked by Sridhar Moorthy, Ashburn, VA Wed Feb 6, 2013

I am looking to buy a new home(one of the smaller SF homes from Camberly) as a rental property in One Loudon. What is the potential for rental properties in that community, since development has only just begun?

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5
Sridhar
I might be late in answering. but as a investor myself I will suggest buy something which has positive cash flow in current market. nobody can predict future growth potential. there are lot of cheap rentals available .
if you want to buy just in one loudoun only, then go with smaller single family. I worked with major builders in area and I am very investor friendly real estate broker.

Kamal Singh
Associate Broker
Jobin Realty
703-728-3403
Web Reference: http://www.vamdnewhomes.com
0 votes Thank Flag Link Mon Feb 18, 2013
Sridhar,
You can expect a minimum of $3300/mo as a low estimate but this information is completely subjective to the type of home you buy and final sales price through the builder. As a former new home sales person, having worked in the real estate business for 12 years, I have a unique insight into the ways to get the most bang for your buck with a new build. As as a member of the Top Agent Network in Loudoun County, I would be an excellent resource for you. Please give me a call and we can discuss the breakdown of costs vs rental income. Ariana Gillette, Associate Broker Coldwell Banker 703-655-8415 http://www.GOTeamhomes.com
0 votes Thank Flag Link Wed Feb 6, 2013
Sridhar,
We live and work very near One Loudoun, so we're familiar with the pace of development over the last couple of years and the plans. I agree with you - there is a lot of potential there.

Depending on your specific situation, a rental might work; interest rates are low and rents are high right now, but you should still sharpen your pencil to be sure the cash flow is adequate for your needs. Appreciation, on the other hand, could be strong if you plan to hold the property a long time and/or live there in the future.

I'd love to discuss whether One Loudoun will work for you (we've been investors ourselves for many years). Contact me if you want to go over the numbers.

Best Regards,

Michael Wilson
703-507-8018
Realtor®, BPOR, ePro, SFR, IMSD
Keller Williams Realty - Ashburn VA
http://www.Homes-in-Loudoun.com
0 votes Thank Flag Link Wed Feb 6, 2013
Lisa - thanks for the response. When I compare the townhomes and the lower end SF homes in One Loudon, the price difference is not that significant. I am intrigued by the future development promise around One Loudon and might think of moving there someday. My main concern is around the immediate rental potential when there is still a lot of construction going on.
0 votes Thank Flag Link Wed Feb 6, 2013
Sridhar,

As an investor your criteria should focus around 1) minimizing your cost basis, 2) maximizing monthly cash flow, and 3) attaining long-term appreciation. Why do you feel you need a single family home as an asset if you can gain more with a smaller, less expensive property with lower maintenance costs over the life of the property?

I'm happy to make the time to sit down and better understand your short- and long-term investment goals and objectives.

Feel free to reach out if I can be of assistance to helping you build wealth. There is definite opportunity to be had at One Loudoun, it just has to be the right one for your needs.

Kind regards,
Lisa


Lisa Moroniak | REALTOR® | Service360°
SFR® - Short Sale & Foreclosure Certified
Keller Williams Realty
Phone: 703-635-0388
http://www.LisaMoroniak.com
Licensed in VA
0 votes Thank Flag Link Wed Feb 6, 2013
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