I'm really curious as to what the average ball park cash flow per month would be for a small duplex that is fully paid off?
If you have a property that's paid off that's not a duplex I'd be happy to hear that as well just for reference. Thanks!
Expenses generally run 50% of gross rents (depending on who pays for utilities). The rest is your cash flow, minus any debt service (none in this case).
So on a $1000 total rent duplex the take home after expenses would be $500?
Something around there.
I have a fully paid for property and I generally cash flow around $400/mnth on a 600/month property after minor maintenance, management fees, and insurance. EXCEPT, I had a HVAC issue that cost me $1,400 and reduced my cash flow avg. putting me at/below the 50% mark. The upside is that you fully own the property and don't have to factor in debt service.
Hope this helps.
Stanley E. Thanks for the reply! Good info thank you.