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General Real Estate Investing

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Steven Barr
  • Investor
  • Atlanta, GA
52
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157
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Is anybody cashflowing right now???

Steven Barr
  • Investor
  • Atlanta, GA
Posted Dec 2 2022, 11:43

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

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