Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
What is a good positive cash flow per unit for income property?
Hey there,
I am new to RE investing and bigger pockets. So thank you very much for your help.
I researched this a bit but couldn't find a good answer. I am trying to start this business in Southern CT.
So, I have been looking at properties and they have been fitting the bill sometimes that they are witin 2% rule or close, they have potential.
I have been looking at single families or up to 4 units and I realized that sometimes single families have better cash flow than 3 or 4 units although single family is more expensive.
For example, $150k single family with $2,500 positive income vs. 3 units for $125K and $2,350 income. Numbers wise multi-unit makes more sense but when you consider that you need to deal with 3 tenants vs. 1, I am not sure if it still makes sense.
Is there a rulle of thumb what an income per tenant that you need to deal with should be?
Your help is much appreciated.
Thank you,
Serdar