With 20% down, it looks like PITI would be about $8000 to $8,500 a year.HOA is unknown, but probably at least $150 a month. So then it’s pushing $10,000 a year. It could rent for around $10,000 to $12,000 a year if the comps off Craigslist are reliable. All other factors about renting considered and that this will probably be one of the last property types to experience appreciation when and if it finally comes back….I would say this is a “no go”. Just IMO.
