Which one is good deal

[Venkat M.]

Hi., I am looking to but my first investment home. Which deal would you prefer. Both condos.

Condo 1:

Sale price: 88K

HOA: 260

Expected rent: 950

3rd floor. New carpet and hardwood floor but bathroom and appliances are outdates. Washer dryer in unit. 

Condo 2:

Sale price: 110K

HOA: 280

Expected rent: 1150

1st floor. Newly upgraded with brand new appliances . Ready to rent from Day1.Shared washer dryer in Building.