Not worth it.

Based on reading all the posts in last two month, you'd better spend that $120K somewhere else.

1) 1,100/120K < 1%

2) CAP RATE： 1488/120000 = 1.24%

3) ~120/month assuming nothing goes wrong, almost gaurantee a neg flow

4) 10years 10% best case --> 1year 1% ...

Unless you can't find anything else, or just want to test the water.

If you ever compares to something like this one:

$50K, no HOA, no Mortgage, rent 800/month ... 8K/50K per year

or

$12K, HOA 200/month, no Mortgage, rent 650/month ... 5K/12K per year

所有跟帖： 

• 除了房市，就是股市。 -让股票飞- ♀ (43 bytes) () 01/29/2012 postreply 18:41:14