wow, very high HOA fee. What is the tax?
You need to calculate the mortgage payment. assume that 30 year, 7%, 38,500, payment is 256 per month, plus 230 HOA fee, it seems that you have positive 100 cash flow. (after deducting tax and insurance)
so I say go for it!
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-ttt2008-
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09/23/2008 postreply
22:36:57