Hello,
Let me know what you think..
Condominium $78,000 2 bed 1 bath $107/sq
20% down $15.600
taxes 2015 $286
home insurance $15
HOA $178 1 year leases only approved
30 year fixed rate mortgage at 3.9% on zillow
monthly mortgage $511 including all expenses
Rental comps in the area- 800 low end and 1000 high end. I was thinking of furnishing it and charging about $950 or unfurnished 850.
I am not sure if this is worth it because the HOA only allows yearly leases. I have seen a couple condos on Air BnB and vrbo even though it's not allowed.
Let me know your thoughts, thanks!
J