Is it worth to invest this house? Price: $230K, Area:~1500SqtFeet, Rental: $1300-1400/month
(Located in North California) Here is my math:
DownPay: $60k, mortgage: $170K ===> $1150 (mortgage + insurance + Property tax)
Management Fee: $80
Utility: $70
Garbage: $50
=============================================
$1350
Any comment?
Thanks.