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I personally don't see big net positive cash flow each month with new condo builds these days. The high cost of everything eats into the rent, unless you bought in early when things were still cheaper. You'll be lucky to break even with mortgage and overhead.
I bought a pre-sale a few years back $600k. 25% down, my mortgage was $1800 a month @ 1.20% for 1 bed 1 bath. This isn't even including property tax/insurance factored in to the $1,800. Assume I can rent it out $2,000 a month conservatively at today market rate, I'd be losing money/break even. I didn't rent it out because I ended up finding a gf and we ended up using the space for a year and sold it to buy a house. Even then it was a pain in the ass to sell because condos are dime a dozen everywhere.
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