No that’s typically a bad deal
@Caleb Heimsoth thanks! Is it the cash flow? I tried to be really conservative with my numbers.
@Daric Carter I Missed the infinite ROI in your title and report. I mean I guess that would be okay but 50 bucks a month doesn't get me excited for anything.
I’d just do this deal with pulling less money out this cash flowing more
Look at it this way. Your monthly expenses are $694/month after refi...and you're only getting $56/month. Real world sets in, and you have one month of a vacancy. That means in the end, it will take you 12 months...1 year...to recover the negative CF from that vacant month.
Does that sound like a good deal?
It isn't just CoC Return. It's also Cash Flow