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Updated almost 5 years ago,

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HOA fee too high for condo?

Peter Zhimin Tan
Posted

Hello,

I am new to here and I am looking at my first rental investment now.  

I have my eyes on a condo asking for $129K. The rent is estimated around $1K to $1.2K. However, the HOA fee is $199/month. Compare to the price of the house, and the loan payment, it seems quite high to me.

Is it this normal?

Also, here is the property - 

https://www.zillow.com/homedet...

What do you guys out there think about it?

Thanks for any help.


- Peter

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