With the condo glut, will you be able to sustain $1400/month in rent?
I don’t see it, a $300K with 20% down and 6% loan rate has a probable carrying costs of $2050 a month. $2250 if you actually pay any principle on the loan.
Ah, I see, they’re breaking even after taking the income loss and depreciation. At a combined 40% state & fed rate, 20% down and 6% loan, assuming 1% HOA, 1% maintenance, $300K purchase, it washes after taxes.
