200k to invest $5k cash flow goal

[Steve Adler]

Hey everyone! I have 200k to invest and a monthly cash flow goal of 5k a month. I have one property that cash flows 250 a month. 

What route would you go to get to $5k monthly in 2 years? BRRRR SFH? MFH? If it were a bigger deal I would be able to have access to more funds, but would like to create a plan with my 200k first. I look forward to hearing from everyone!

[Brendan Miller]

@Steve Adler it'll be tough to accomplish with a fully leveraged property. You'd need to get a discounted property offmarket, likely with some seller financing to make those types of numbers. $5K a month in pure cashflow (after all expenses). For $60K annual cash flow (NOI), you'd need a $1M property at 6% CAP to achieve that, before factoring in debt service which will likely eat up a good chunk of that $60K. Is 5k a month your immediate goal with the 200K investment, or is 5K a month your long term goal to be financially free (at some point in the future)?