Do you all believe that a condo would make a good investment property after the condo fees are added in to the picture
There is not enough information for us to provide you with an answer. It is going to depend on all of the other parameters.
Mortgage
utilities
taxes
etc
If you are buying to rent it, you need to calculate all the expenses like the previous poster said. And you need to have enough cash to float the place if you have vacancies.
Choose the right market, and find a value play that will pay for itself and add to your reserve account every month.
Managing is one of the most important parts of your portfolio.
Condos can make good rentals. You do a cash flow analysis for a condo the same way you do it for a SFR. If the property will cash flow, then it might make a good rental.
Condos are easy to maintain since the condo association takes care of all the exterior building and grounds maintenance.
Now, for the negatives.
Some condo associations do not allow renters. If you need the association’s approval for your lease, they may not give it to you. If there are a lot of foreclosures in a condo complex, then the association is not collecting the monthly dues. This could put the association’s financal strength in jeopardy, resulting in large special assessments whenever a major expenditure is needed and large increases in the months dues.
As a rule, condos do not appreciate as quickly as SFRs Depending upon your market, you may need to hold for ten years to get the same percentage appreciation that you would have with a SFR after five years.