Is anybody cashflowing right now???
With home prices still very high and interest rates now high too, is anyone actually cashflowing on newly acquired property? Even the 1% rule doesn’t seem to work anymore
Example: assuming 20% down
Purchase price: 250k
Rent: 2500/mo
Expenses: 1375/mo (45% expenses)
Debt service: 1350/mo (200k at 7% fixed 30 am)
Cashflow: -$225