Here's an update to a prior post on a one bedroom at La Vita.
The unit has just taken a $56,000 price cut to drive the loss to a massive ~$79,000, that's a substantial loss an 18 month and counting investment. In terms of a "rent adjusted cost" calculation the loss plus the mortgage payment is likely $8,000 per month, that's a lot of money for a small one bedroom apartment.
Type: Listed on MLS(#066037517 )
Resale Price: $399,000
Loss@6% Sales Expenses: $79,940
Square Feet: 706
Purchase Date: 04/29/2005
Holding Period: 18 months and counting...
Purchase Details: view