Feedback on recent condo purchase
The deal is done/can't take it back/impulse buy:
Sick of my poor returns on my investments/retirement accounts so I purchased a small condo. Did the deal with no experience and have buyer's remorse. I will take the time to read past forums to learn/educate myself but looking for a quick response/feedback regarding this purchase and if it was a poor/decent/good investment (so I can sleep at night).
1053 sq ft 1 bedroom 1.5 bath condo in north end of Warren, MI (built 1970).
Paid $36,000 cash; put approximately $4,000 out of pocket including all appliances;
Rent $800 ($775 if paid on time);
HOA: $195.00 (they had a large assessment prior to my purchase that prev buyer covered);
Taxes: $100
Insurance: $25
I have a decent tenant in there now.