Does that include deductions for all mortgage repayments, minus the 60K, and taxes, especially if you sell it?
Some people can make money on property, but it all depends on the market (think of the people who had to sell in 09/10 and made a loss). It has been shown that whether people get a mortgage, or rent and invest, it basically averages out over the long term. However, renting is less stressful.