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Updated over 2 years ago,
Townhouse investing? numbers?
I have invested in single family detached homes in the suburbs before. But recently I have been looking into townhomes in the city and am making an offer on one which is part of a gated community. Are there any drawbacks going into townhomes investing? Also, i am a bit confused with the numbers and would appreciate any advice from all you seasoned investors.
It is a 3bed/3.5bath (2000 sq ft) $460000. HOA $2350, Taxes 10K, Insurance 1850. Rent estimate $3200.
Any feedback will be appreciated. Thank you