With all your expenses and HOA, Insurance, Property Taxes, you lose $184/month in year 1.
LAME INVESTMENT until you look at ALL the numbers.
1. Appreciation $15,000
2. Loan buy down $4609
3. Cash flow loss $184/mo x 12 = $2208
Total Wealth after year 1 = $17,401 (this is based on keeping it, not cashing out).
* This is a longer-term investment. If you cash out in the first year, the cost of the sale will cancel the anticipated appreciation. If you want to cash out the investment in a year, that is a fix and flip scenario. No return is guaranteed, consult CPA and attorney for your specific situation.
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