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Updated over 10 years ago,
newbie - how to evaluate this?
Looking to buy rental property. Here are the specs.
Condo in Fremont, CA
List price - 450K
HOA - 300
Expected Rent - 2000
Initial expense - new carpets, paint
Financing possible at 75% LTV. My options are 10/1 at 3.25 or 7/1 at 2.9
What are ways to evaluate above deal? How can I do comparative against area?