Hypothetical: Return on 0 down deal? - Posted by John

Posted by John on October 28, 2003 at 09:07:54:

What sort of cash flow would you be looking for from a no money down deal? Lets say 80 units bought for $3M. I am figuring after all expenses, insurance, taxes and debt service it would yield about $7000/month cash. Would this be enough return for you on a $3M deal? Of course with 0 down it is a huge return but with 80 units it has the potential risk of expenses creeping up.