Brand New 2015 Loft - $141,000 - $900 / Month - Need Help!

[Christopher Laverdure]

Hello everybody!

I'm new here (from Canada/Quebec) and I have recently bought a brand new 2015 loft at $141,000 with $30,000 cash down. (gave them the 20% so I don't pay any fees)

It includes:

• 2 Parkings (Outside)
• Brand New Pool Outside
  
• A Brand New Gym
• Lounge Place To Eat Close By The Pool With An Inside Kitchen And A Few BBQs
• 3 1/2 - 650 Square Feet - 9 Feet Ceiling
• Locker In The Basement To Store Stuff We Don't Use
• I Have A Balcony
• I'm At The Last Floor (Fourth)
• There Is An Elevator
• Air Conditioning
• Ceramic Shower Tiles And Glass Doors
• Ceramic Backsplash In The Kitchen(85 Square Feet)
• Chimney Hood

That's a total of $515/month plus the loft fees $100/month plus taxes $110/month...

In 4-5 months, they will be building a last 32 units of loft...

Price will be a little bit higher (probably around $150,000 ish)

I've talked with people and some of them rent it for $850-$900 / month with kitchen appliances (it comes with the loft when you buy a brand new one)...

Would it be worth it for me to buy another one and rent it?

If so would it still be worth it to only put 5% down?

Thanks !