I keep running numbers on properties to get an idea of what is out there in attempts to find my first deal. I am hoping some of you can provide feedback on this report I made. I keep coming up with similar cash flow for almost all properties I look at. I saw somewhere to use 2% for the future assumptions which I don't know if those might be high or low or if it is a good number to use. Is it possible that almost all of the properties on the market are over priced or is it more likely rents are not way under priced.
*This link comes directly from our calculators, based on information input by the member who posted.
The two percent rule means the monthly rent should equal two percent of the purchase price . Your deal is very poor and loses money . Do not even consider this property