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Updated almost 4 years ago,

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2
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Philip Zanello
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2
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Analyze my condo deal

Philip Zanello
Posted

Hello, 

I am pretty new here but I am not sure about this deal or not.

There's a condo on the market I am thinking about putting an offer on.

Here are the numbers: 

176K

680 sq ft

$184 HOA

1bdr 1 bath

It's tiny, but it will do for my gf and I. Total payment is $950 minus utilities and places like that rent for about $1400.

20% down.

we are thinking in moving away from this area in 2 years. 

is it a good idea or not? Can I at least break even after I leave?

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