ROI VS Cash Flow- Need Advice
I am under contract on a condo in northern Colorado that will be my first rental property and I am working the numbers and would like to get advice as to how much I should put down based on ROI vs Cash flow. ROI is based on what i believe my annual net income will be divided by how much I am bringing to closing (Mortgage and all other closing costs already estimated by my lender). What would you choose and why? Thank you in advance!
Option A) 20% down + plus closing costs= 51,860. ROI= 12.86 Cash Flow: 550
Option B) 15% down + plus closing costs= 40,620. ROI= 13.88 Cash Flow: 470
Option C) 10% down + plus closing costs= 29390. ROI= 15.43 Cash Flow: 380