Updated about 12 years ago on . Most recent reply
Cash Flow
While I understand the 2% rule, I am having a hard time figuring out what a respectable cash flow is on a property after I have analyzed all the costs. For example, I am looking at a duplex which will cost me about 45,000 plus an additional 5000.00 in repairs. It currently rents for 1900.00 a month. However, I know I can get more with the repairs done. After all expenses, and the mortgage payment I would see an estimated 522.00 per month cash flow. The property taxes are high and I would be paying the utilities which eats into the cash flow. Is this 522.00 a month respectable? Any ideas?