Rental Property Investor · NC · Member since 2018 · 776 posts · 776 votes
7y
The numbers don't look bad on this property. Maybe I would adjust the CAPEX up depending on the year of the house. I usually try to get $200 per unit in cash flow. If it's in a rough area, consider saving for evictions.
@Account Closed thanks so much. I reposted with my updated numbers, more conservative figures. No repairs I know of but there's always something... might create storage units for rent in the basement for the extra $100 per month. I know that area moderately well, it is blue collar with slim pickings for rentals... Is there a reliable source other than agents who can speak to the strength of the rental market? I'll check zoning. Thanks again.