Is this a good deal?

[Ruby S.]

Hi All,

This is my first time here and first time closing on an investment. We are buying a $170,000 new construction (built through a company) with 20% down this week. Mortgage will be 780ish plus another 200ish for escrow so 980ish per month. We have a tenant for $1395 per month. What is your feedback on this? I see people are buying very cheap homes (30k etc) but we have a small family and 2 full time jobs so we thought we should buy brand new so warranties would cover everything, it'll be low maintenance, and there will be appreciation as more houses grow. What are your thoughts on our strategy? Please offer feedback to help us learn. Thank you so much!