It depends on a few factors such as age, income expectations over your career, etc. 

: conventional 30yr loanOther notes:- Our COC estimates are about 12.5% with us managing the property (vacancy and maintenance factored in) - Has older water heater, HVAC, and AC unit that have been regularly serviced, but are higher on ageQuestions- Should I be worried about an economic downturn on a buy and hold property next to a college campus and generally economically stable area?

The one big factor for me was looking at the principle that would be paid down over the next 5 years if I didn’t refi and if I did.

@Steven Winfield a 3% vacancy factor is each tenant staying for 33 1/3 months.

The property is for capital growth, but it seems that the cash-flow properties in the US are many factors more lucrative than down under.

If you factor other expenses you’re at around $200 more you're looking at a pretty manageable temporary debt.

I would suggest hiring a company for yard work (factor that into your rent) or doing it yourself. 

The markets reacted quickly and down nearly 30%.There are other lagging behavioral factors in play that are not immediately recognizable.

@Nick Rutkowski HOA doesn’t cover things of that sort- I’ll definitely factor that in.

We told him speed was the most important factor and he got us to closing in 11 business days.