Quick survey - how much monthly CF per unit?

Question

Hey all!  I wanted to ask the membership about CF.  I currently own several rentals and am wondering what number my peers aim for with respect to net monthly profit.  Before we proceed let me define what i mean.

Basically, how much do you pay yourself from each rental unit (or aim to pay yourself)?  Net monthly positive CF - this would be net monthly profit, after ALL expenses.  These expenses include PITI, repairs, reserves, property mgr (if applicable), and anything else you deem necessary.  Thanks for your input!

Mike Dymski · Answer

25+% IRR for direct owned investments.  Otherwise, invest passively with others for returns in the teens.

Ezra Henderson · Answer

I generally shoot for between $200-$300… but I put aside quite a bit each month for CapEx.

Theresa Harris · Answer

I think it really depends on your goals, the local market and your situation (eg mortgage or not, house price).

Ariel K. · Answer

@Dave Rav I think it all depends. For me, I own 6 older small Multifamily units and So I save a ton before I will pay myself out. I’ve done cash out refis on 4 of the 6 properties so I have pulled out over 100% of my cash in less than 4 years. In terms of cash flow, once I have $15,000 saved per property, I’ll start really withdrawing cash - but that will be in the next year or so. I’m looking at probably $200 per door at that point plus I have enough cash reserves to update a roof, etc.

Guy Gimenez · Answer

Minimum of $350 per door.

Peter Sosnow · Answer

@Dave Rav. Goal of $200 -300 per door, but I’m not cash flow positive yet.   Using other income sources for now while I reinvest real estate cash flow back into my portfolio.

Dave Rav · Answer

Thanks everyone for your feedback!  Over the years, I have become increasingly aggressive with my aims for cashflow provided from rentals (in "dollars per month" terms).  I just wanted to take stock of the community's objectives and goals when it comes to CF.

At this time, I'm somewhere around $300-350 per month on SFRs.  However, this is different in the case of multifamily properties.

Quick survey - how much monthly CF per unit?

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