It should bring in about $250 in cash flow or 10% Cash on cash.( I get that this is not astronomical).

When that lease expires, the value of your asset can go to zero, or the owner of the land can jack up the land rent to astronomical amounts, causing those coop fees to explode more.Theres a reason Riverplace units are as cheap as they are.

Worth market where an appraiser brought in values astronomically below contract.  

For us, this was the best move as rent in the CA Bay Area is astronomical.

  $419x36 months loss is astronomically expensive assuming you receive rent continuously with no missing payment or job loss...

Originally posted by @Rob Massopust:What is your LTV with refi, I would assume 75%I'd Keep it for sureOnce you refi and all in your costs are at $1000 per monthYou only have $30k into the deal after refi, so at $400 per month x 12 = $4800/$30k = Cash on Cash return 16%, forget CAP rate, plus appreciation and depreciation etc, cant do much better than that on anything.Making $10k on a flip if will be zero after closing costs, commission and taxes Wait, you are only leaving $10k on the deal, then your returns are astronomical.

My wife and I live in the Silicon Valley and as I'm sure most of you know, house prices here are astronomical.

I don't have an astronomical amount of debt and no other debt besides my wife's car payment and our her college loans. 

The cost to repair sewer lines can be astronomical.

Houses sell in these types of neighborhoods all the time in Boca, but then there are others that sit on the market for forever until they are forced to reduce their sale price astronomically.