Cash flow in a high tax area
I've found a triplex listed at $78k with a monthly income of $1300. I ran this through BP's rental calculator and 50% rule says it should cash flow about $320, however the tax percentage in my area is just shy of 12% meaning $4,590 annually in this example. Taxes have destroyed cash flow on every property I've looked at and after accounting for vacancy, capex, etc. cash flow was calculated at $-242. This just seems wrong but I'm new to this, how are others coping in high tax areas?
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could be a 12 point mill rate? such is wayyyyy less than 12% actual.. and is actually super low.