Considering deal - baldwin county

[Matthew Jones]

I’m considering a deal on a property.  
The deal would be for an equity play, which I know I should prioritize for cash flow.

Home 4/4 in A class golf community.  
Current mls list $460k price

Days on market - 200+
Purchase $410,000

CMA -approx $460-490k.
loan - assumable $340k at 3% VA (I am eligible)

Tax - $138/mo

Ins - $153/mo

HOA- $100/mo

current approx rent rate for similar home $3400ish/mo

I have the capital to cover difference between loan assumption and closing.  My thought is to rent my current home (mortgage free) @ $2000/mo and cover the mortgage with it, while using the new purchase as a primary for a couple of years.