Nothing wrong with your assumptions. These units are almost to the point that it may make sense to buy if you have a 20% down, good credit and plan to live there (and deduct taxes). I say “it makes sense” because the montly payments would be close to the rent payments. In the last cycle prices over corrected and renting was actually more expensive (without considering the loss in equity). Also consider that HOA fees for those 2 bed units are $350/month.
