In Georgia, I would plan on rents of approximately $700-$750 for that sale price.
@Demetrius Gatling You're question requires more information. Cash in hand for what? Reserves for maintenance, improvements, down payment?
Also, I don't know how many new people join Biggerpockets each day, but I think it's hundreds. If you really want a good response, then you need a more descriptive subject. "How much cash is enough for reserves?" is an example.
Last but not least, there's a beginner guide to investing on Biggerpockets (BP). It will answer a lot of questions. All new investors should read it. Very good info.
Best of luck to you!
@Rick Baggenstoss hey my question was If i purchase a single family home sell cost 48,000 how much cashflow should that property bring yearly on average. The location is a small city one middle and high school, nice neighborhood in south Ga.
For 48K, if you get a minimum rent of 1% of purchase price, you are ok. 2% good. 3% YOU ROCK !!!.
Look for rentals in that area. I would compare data from craigslist, rentometer, zilpy, zillow and trulia. Get the Average from all the above sites.
With 20% down, Insurance, property tax and 10% for property management, are you getting atleast a minimum of $100. Set aside cash for repairs.
Pari Thiagasundaram, SA Note Funding Group | http://sanotefunding.com
@Demetrius Gatling $48k is probably a lot of house in Thomaston. I imagine your cash flow can be good. Appreciation very low. I'd be going for 2%+ there.
Thanks @Rick Baggenstoss I'm about to add you as a contact if you don't mind.
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