Advertised rents less than mortgage

[Katie Hendrixson]

Has anyone been running across multifamily properties listed for sale, with rents included, that wouldn't even cover the mortgage (https://www.zillow.com/homes/for_sale/house,condo,apartment_duplex,townhouse_type/12332683_zpid/pricea_sort/37.623426,-77.458827,37.593713,-77.504961_rect/14_zm/0_mmm/)? Like, even after 20% down? Is this normal, historically, or just a reflection of the bubble we're in? I know asking price isn't sale price, but it seems like I've been running across several of these, and clearly I'm missing something big. Thank you!

[Elenis Camargo]

@Katie Hendrixson It could be the area. I was evaluating the Charlotte, NC area earlier this year and the cash flow on all the properties I looked at was either extremely low or negative. I looked at about 20 properties. Same with SFH or multi families. But in Florida where I invest, the cash flow is positive. So I think it could be the area.