Buying a second home / Investment

[Lucy Caro]

Hi, I bought a home last year in Lancaster, California. I have been house hacking for the last year. I rented out two rooms in my house to help offset my mortgage.  An opportunity to buy my second property has come. I will be purchasing it with 11% of equity already in the home.  The mortgage will be 3,200$ a month. I am wondering if this is a good deal I will be paying.  $400 additional dollars than I am paying right now.