All Forum Posts by: Alex Sazonov

Thanks for the reply, folks. The condo association is very good. All roofs are being replaced as we speak, they cover exterior, landscaping, water, garbage pick-up, etc. It's also in one of the best school districts in US.

Appreciation potential is hard to tell given that I think home prices overall are overvalued by 10-20% nationwide. Cashflow from the property hangs around $450.

I get that if it's empty for a few months, we may be running negative. The heater, a/c, and washer/dryer are all newer (replaced in last 5 years).

This is in Northwest Chicago suburbs. 

Hey everyone,

So I see a deal with the following stats:

189,500 for a 3br 1.5ba condo with a 1 car garage.

HOA: 280/mo

Taxes:370/mo

Rent:1900-2000

This is a turnkey property, so minimum, if any, remodeling or updates needed.

What's your take on the deal?