$225k at 6% interest rate will cost ~$1350/month with 0% down. Those houses can easily rent for $1700-1900/month depending on condition. PITI – Tax deduction will bring you to about $1200/month.
Don’t forget HOAs.. $258/mo. I think that the fact that it is attached will take the price down a little further from you $325k, not too much. HOAs may also pull the price down too (HOAs are not deductable). Otherwise I think you may be in the ballpark.
I do wonder if rentals are going to take a hit as well. I noticed that the apartment complex I am in had a special offer to sign people up for 6 more months at the current going rate. You don’t do that if you think rents will stabilize or go up.
