new Condo deal

[Sid Newstrom]

Hello everyone,

I am looking at a condo 2bd 2 bth 1440 sq. ft.

120,000 purchase price

20 % down 30yr (515.35 month)

125 hoa month includes garbage, water, sewer, and lawn care.

200 annual for pool (optional)

500 insurance

Rent at 1050 plus hoa

This is in a great neighborhood

any comments would be great. This has just been renovated.

There is also a sfh for 120,000 in a good neighbor hood but would need about 15,000 in updates. I am trying to compare the two and so far insurance and ease of care seem to be the big question marks.

any input greatly appreciated

thanks