Cash Flow in Fort Collins area?
Hi All,
I'd be curious for people's feedback regarding acceptable cash flow on a single family home in the Fort Collins area, given that our home values are generally trending upwards and on the higher side. I'm going to be turning my current residence into a rental and depending on how much cash I pull out (refinance) I'll be looking at anywhere from $280 - $330 Cash Flow (Yes, after I've factored in PITI, Maintenance, Vacancy, Cap Ex). Currently I owe $155K before refinance, current value is probably in the $310-$320 range. Does this seem OK? I know it's not a ton of extra income and I hear stories about people raking in much more per SFH ($700-$900 range). Perhaps they bought during the downturn? What is everybody else netting on similar homes (just in general)?
Thanks for your Help!