SFH as a stepping stone
good christmas eve eve to everyone!
i'm very much interested in multi's. as of yet i've not found a good deal. some have come close on paper, but are too close for comfort when it comes to trying the numbers out in the real world.
i happened to run a SFH through an analyzer earlier, though, and it is screaming potential. 29.49% cash on cash return, 11.95% annual cap rate, and ~$245 in monthly cashflow. assuming it's not too good to be true, what are your thoughts on me following a deal that looks like a great deal even if it's not strictly in my ideal criteria?
thanks for any wisdom-
Most Popular Reply
There can be great advantages to SFHs. One of the biggest is the ability to put ALL of the expenses on the tenant...all utilities, lawn care, snow removal. I currently have 4 Duplexes, but am looking at some SFH as we speak.