If you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.
Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.
