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Updated almost 4 years ago on . Most recent reply

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Artur A.
27
Votes |
78
Posts

Best cashflow rental property cities for buying duplex in 2021

Artur A.
Posted

Hello guys,

I'm looking to pick area for my first investment property.

Which places in your opinion have a good cash flow properties comparing to San Antonio and also with a strong job market (I was thinking about Albuquerque NM, Atlanta, Charlotte NC, Cincinnati/Cleveland OH, Huntsville AL)

My analysis of duplex in San Antonio (El Seguin)

Duplex - El Seguin - 2021 Building
Price439000
Downpayment 20%87800
Principal19476
Interest 4%
Property management (8%. Leasing fee 50% of the rent, Lease renewal - 1502876.5
Insurance ($66 per m)800.04
Taxes (1.97%; $700 per m)8648.3
Maintenance (4% - new building)1392
Vacancy (8%)2784
HOA ($74 per m)894.96
Rent Annual ($2900 per month)34800
Operating income:-2071.8

Most Popular Reply

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1,054
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Brandon Goldsmith
  • Real Estate Agent
  • Columbus, OH
1,322
Votes |
1,054
Posts
Brandon Goldsmith
  • Real Estate Agent
  • Columbus, OH
Replied

There is a lot of opportunity in Ohio and a good amount of markets/submarkets depending on what your goals are. It really comes down to how well you can build out a team, this will either contribute or hurt your success OOS. @Gabriela Laguna Leon

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