Cash Flow on Small Multifamily Deals
I'm curious, what cash flows per unit are you seeing right now in OKC on financed small multifamily (2-4 units) deals? I know financing will vary, but I'm setting goals while reading Think and Grow Rich so I'm trying to get an idea of what is typical in the area.
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I listed a duplex for 145k and the person buying it is financing on a 30 year conventional mortgage. It's rented out for $1530/month so it should be cash flowing about $250/door once it closes. That's a better deal than most of the multifamily properties that I've been seeing lately, but it's still possible and this one went up on the MLS.