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If you can afford to make the payments if it goes unrented or the tennants don't pay it may be worth it depending on expected appreciation. However, saying that, I think RE is going to be in the dumper for a few years very soon which may leave you looking at a loss. I also think the rent is cheap at $1600 for a $215,000 home. $1950 - $2150/mo. would be better and make the $$ look workable.
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