Finding Positive cashflow properties in the DC metropolitan area

[Charles Dean szollosy]

Please does anyone have tips on how to choose an area in which to start looking for a positive cashflow SFH or town house to purchase in the DMV? My pre-approved principal is $315,000, down payment is is approx $20,000 including fees and APR is 3.2%. Any advice will be greatly appreciated. Also how much cash flow is typical for this area considering my budget. Thanks!

[Russell Brazil]

Originally posted by @Charles Dean szollosy:

Also that percentage seems pretty loan? I read an article that suggested that 0.8% to 1% of the principal is your rent? Let me know what you think!

 Yield in any investment vehicle is a function of risk. The higher the yield, the higher the risk. DC is amongst the lowest risk markets in the country, and therefore will have amongst the lowest yields in the entire country. Part of that low risk, is asset price growth and rent growth being quite strong in DC.