I know nothing about the building…but at $240,000, with 20% down and a 6.5% fixed 30-year mortgage, I get a pmt. of $1,213.57/mo. Property taxes of $2,640/year (1.1% of sales price) are $220/mo. HOA dues are maybe $250 mo? That is about $1,683.57/mo. What would this unit rent for?
This looks to be a classic “must sell” situation. Any idea what the last actual sale was for this model in this complex?
Seller has already taken 33% off the price – assuming he would sell at $240K.
