Cash flow per unit in Arizona and Nevada
How much minimal net cash flow should I aim for per door if I invest in a small multi-family (5-20 units) in the suburbs of Phoenix, AZ, or Las Vegas, NV?
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Real Estate Agent CA (#02014485)
- Coldwell Banker Realty
- http://jeetsangha.com
I think that depends on your goal. I think $200 per door is ideal, but I don't mind $100 per door in the first year and increasing gradually.
I am also looking into those markets too. I will be relocating to San Diego next month from Japan. I am in the US Navy, by the way. I am still at researching phase. I am also looking at Tucson, AZ too. It seems less competitive than the other two places.
Let's connect. I have some experience in syndication as a GP and LP. I can underwrite deals.
This depends on ton of factors. If you’re buying with cash you can assume a cap rate between 4-6% depending on the area here in Phoenix.
