You won’t get a 6% interest rate at 100% financing and I’ll admit I left out the tax break (so I probably should have left out the tax hit, but for whatever reason I was thinking of it in terms of a rental where the benefit is less). It’s not, however, the full $917/mo, rather it’s the difference between that and the standard deduction (roughly). I guess you chose to leave out maintenance. I’ll let you pick that number.
Again, couldn’t see the property, but if it is indeed newer, than I would agree, the rent should be higher. That said, since it’s newer, are there any special assessments?
