Co-op Down payment strategy?

[Account Closed]

Is it possible to find a co-op that allows a 10% down payment? Especially in the Yonkers/White Plains area. I understand there will be mortgage insurance attached to my payments which is no problem.

The way I see it is:

$129k for the property -

After 10% down and interest and insurance I'm estimating a payment of $380/month

plus HOA fees im looking at an expense of about $885 a month

$1300 income - $885 expense = $415 cash flow before deductions.

Does this seam feasible?