Crunching number to get cashflow

[Tony Wilson]

I’ve been constantly looking for deals but can’t seem to find a cashflow positive house.

Example A.

House is $59,000 asking price (worth $80,00). Let’s say I get it for $48,000 (80% off), no down deposit, which is doubtful. I put 20% down equalling a loan amount of $38,000. After I calculate insurance, taxes, management, repairs and vacancies, my cashflow is right at $100. Is that enough when I haven’t even considered CAPX?