Condo deal, yes or no?!

[Robert Davis]

Currently own a condo in a 3 story building. The one directly below from me is listed for a fair price. The building is very new, being built in 2004. Here are the numbers: $1092/mo: includes mortgage, tax, ins, HOA, interest Can be rented easily for $1400/mo, will be Able to get $1500 next summer. Do these numbers make enough sense? The maintenance would be extremely minimal with HOA fees covering exterior. Plan to keep it for buy and hold and pay down quick. Value will definitely appreciate over the years Please give advice!