Updated 6 days ago on . Most recent reply

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A good rule for napkin math is find properties that rent as close to the 1% of the purchase price($100,000 purchase price with $1,000 rent). Your example you have a $1,500 in rent for a $235,000 property. That is .6% rent to value which won't cashflow initially unless you put more down or raise rents. There is other factors that play into the numbers but it helps you do a broad overview when analyzing. I would keep looking or switch up strategies/locations.
- Caleb Brown