Posted by Chuck on July 16, 2003 at 22:50:45:
At $475 a month/per unit, you’d be $125 short of making the mortgage if one of them was vacant for more than 30 days.
Posted by Chuck on July 16, 2003 at 22:50:45:
At $475 a month/per unit, you’d be $125 short of making the mortgage if one of them was vacant for more than 30 days.
How much cash flow is enough? - Posted by Drew
Posted by Drew on July 16, 2003 at 22:14:31:
I am contemplating purchasing a small duplex with $950 per month in rental income. Mortgage payments on the property would be about $600 (including taxes, insurance, etc). That leaves a $350 difference…is that enough cash flow to justify a purchase? If not, why, and how much cash flow is enough to make a good investment?
-Drew
Re: How much cash flow is enough? - Posted by AzCliff
Posted by AzCliff on September 09, 2003 at 21:42:59:
Go for it, save the $350 differnce, for vacancy, etc. if you have at least a year lease on both you would have saved $4200.
Re: How much cash flow is enough? - Posted by Andy
Posted by Andy on August 11, 2003 at 17:27:06:
The answer to your question depends on quite a few other variables, most notably:
If you are interested, I have posted a free real estate financial analysis and valuation model at www.slatefinancial.com.
Otherwise, contact me at 512-771-3943 and I would be happy to discuss the merits and drawbacks of your potential investment with you.
Andy