Is it still worth investing in condominiums?

[Vijay Chadalavada]

Hi,

There are quite a few new listings of condominiums in the Kansas City Downtown. However, in the current market across the nation, the demand is for single-family homes, and not sure if the condominiums are worth buying. They are hard to sell and hard to appreciate.

I did the math for one of the listings in the Kansas City downtown condo ("The Manhattan") and there is no positive cash flow. The apartment is like 150k and there doesn't seem to be having positive cash flow. Rents are in the range of $1000 but not more than that.