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    Rental deal in Austin: $1,170,000 purchase, $7,039/month — sanity check

    I keep going back and forth between treating 7.2% as a promising starting point and treating it as a distraction from the net cash flow. The property is a 4-bed new-build flat in Austin priced at $1,170,000, with projected rent of $7,039 per month. On paper I have allowed for empty periods...
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