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Multifamily Apartments

Do Condos Make Good Rental Property Investments?

There are some potential drawbacks to know before you invest in a condo.

[Updated: May 26, 2021 ] Aug 31, 2019 by Matt Frankel, CFP

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Item Monthly Expense
Rental income $1,100
Mortgage (principal and interest) $405
Association fees $250
Property taxes $100
Insurance $50
Vacancy reserve $110
Maintenance/special assessments $110
Monthly cash flow $75

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