Updated over 6 years ago on . Most recent reply
Arlington, VA Condo - personal residence, now rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $485,000
Cash invested: $122,000
Condo purchased as a personal residence. Not the best cashflow, but in an A+ area super easy to rent out. A couple metro stops from Amazon's new headquarters. Planning to hold onto for another 5-10 years and hope for some appreciation.
Learned just how much a large condo fee eats up your returns. Will try to avoid condos as an investment going forward, especially ones with many amenities