Stupid Cash flow on First Property
Bought my first property in 2019 as my Primary Residence for $115k. Refinanced during COVID at 2.5%. Mortgage Payment is roughly $590 and HOA $400
I'm no longer living in the condo and renting out both rooms, one with a steady tenant and the other through Airbnb. The entire condo is producing roughly $2500/mo.
Initially when I bought the condo I ran the numbers and expected to cashflow maybe $100/mo if I were to rent it, but I had the fever and just had to jump at something. Now I'm sitting at almost a $1500/mo cashflow. This isn't normal is it??
Most Popular Reply
#5 All Forums Contributor
- Plymouth, MI
You sound as if you're goal is to be normal. So,if I told you it wasn't normal, and in order to make it normal, you should take some of that cash flow that's over normal, and give it to me (or someone else,...no I had it right the first time,...me), would that make your feel better.
There is no such thing as normal...only good and bad. This is good....let's share ;-)