Investment Report: new home in Ashburn, VA as of Sep 2013

Below are the new homes available for sale in Ashburn that are closest to future metro station. In general, I am personally very bullish in Ashburn as the city has a lot of high income residents and a lot of things are coming there including the metro rail and world trade center (this is the same world trade organization in other major cities: http://www.wtca.org/)! Contact me if you are interested in any of them. All 3 homes has similar returns on investment.

1. Townhome styles condo (3 beds, 2 bath, 1 car garage, 1642 square feet) starting at $335K, monthly HOA at around $200 per month. Good location, close to future METRO (maybe coming in 2017), monthly rent at around $1900. A bigger version of similar home is also available starting at $365K (2600 sq foot, monthly HOA $260, monthly rent $2350)
Address: 0 ASHBURN VILLAGE BLVD #., ASHBURN, VA 20147

Return: if paid in full assuming 3% annual appreciation, the Internal Rate of Return should be around 8.3% with annual cash flow of around $12K. If finance with 25% down, the IRR should be around 12.2% with annual cash flow of around negative $4K.

2. 1 car town home (3 bed, 2.5 bath, 1800 SQFT) starting at $404K. monthly HOA $86. rent around $2000. I rented a home in this community in Jul 2013 for $2050: that home has around $20K in upgrades.

Address: 43475 RICKENBACKER SQ, ASHBURN, VA 20147

Return: if paid in full, the Internal Rate of Return should be around 8.1% with annual cash flow of around $13K. If finance with 25% down, the IRR should be around 11.7% with annual cash flow of around negative $5K. Assumes 1 month vacant every year, 3% annual appreciation in next 30 years.

3. Two car town homes (2161 SQ FT, 3 beds, 2.5 bath, $100 monthly HOA, two levels only), close to future metro starting at $470K. Monthly rent is unknown, my guess is around $2500
Address: 22019 MILLWICK TER, ASHBURN, VA 20148
Return: if paid in full, the Internal Rate of Return should be around 8.5% with annual cash flow of around $18K. If finance with 25% down, the IRR should be around 12.6% with annual cash flow of around negative $4K. Assumes 1 month vacant every year, 3% annual appreciation in next 30 years.

All new homes available for sale with less than $700K in Ashburn is available here.

Here is the development plan for the world trade center in Ashburn: very impressive.