Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago on . Most recent reply
![Nathaniel S.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/221547/1621434236-avatar-rxdawg21.jpg?twic=v1/output=image/cover=128x128&v=2)
contemplating first rental purchase in collegetown
Here is a quick rundown from the limited info I gathered.
Condo is a premier complex with great clubhouse and pool. It is 3 bed and 3 bath.
Hoa fee $163 year
Rent:$1200 easily and possible up to $1350.
Very easy to rent here and is located in athens.
Sales price is 99000 where similar condo are 130k and 2 bed, 2 bath are going for 95k
I haven't run the breakdown as I am at work but I'm thinking with a conservative estimate of $1200 a month I'm profiting $400 a month easy after all expenses (will manage property myself).
My main question is what are my finance options, as that is something I've done little research on. I only want to put 10% down. I make about 125k and have 65k in student loans (paying off in 5 years so 1233 a month , a 498 car payment over 5 years and my mortgage with all expenses is 971.00 a month .
Thanks for Any info