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Updated about 2 years ago,

User Stats

59
Posts
15
Votes
Juan Carlos Castillo
  • Specialist
15
Votes |
59
Posts

Stupid Cash flow on First Property

Juan Carlos Castillo
  • Specialist
Posted

Bought my first property in 2019 as my Primary Residence for $115k. Refinanced during COVID at 2.5%. Mortgage Payment is roughly $590 and HOA $400

I'm no longer living in the condo and renting out both rooms, one with a steady tenant and the other through Airbnb.  The entire condo is producing roughly $2500/mo.

Initially when I bought the condo I ran the numbers and expected to cashflow maybe $100/mo if I were to rent it, but I had the fever and just had to jump at something. Now I'm sitting at almost a $1500/mo cashflow. This isn't normal is it?? 

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