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Buying & Selling Real Estate

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George Anderson
  • Investor
  • Houston , TX
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10
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Cashout vs Cashflow

George Anderson
  • Investor
  • Houston , TX
Posted Jul 22 2017, 16:53

I am seking advise on rather or not to sell a one of my rental properties which has a strong cash flow I would love to hear opnionions of my fellow investors.

Background: House is currently leased as a section 8 rental, with $840/month cash flow of which $700 is guranteed though tenats housing voucher and tenant is responsiable for $140. Doing quick math considering 80% Vacancy Annual cashflow is around $8k. Based on current apprsial value I have about $75k, house needs minor updates mainly fresh coat of paint to make ready to sell. I will list myself so after closing cost and repairs I expect around $50k profit.

Look Foward to hearing your replies thank you.

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