Cash Flowing Rental Property Still Exists!!!

[Matt McCurdy]

I'm constantly reading on BiggerPockets investors saying you need to buy rental property, break even, and hope for appreciation and/or lower rates in the future to cashflow. WRONG!!!

I'm here to tell you I'm still finding cash flowing deals in my market.

Here's an example:

Up/Down Duplex

Each Unit 2 beds 1 bath (all utilities split out & paid by tenants)

Total Rent: $1,450/mo.

$125k purchase price (20% down) @ 7.5% over 25 year term: $739

Property Taxes: $125/mo

Insurance: $175/mo (in 500 year floodplain)

Net Cashflow: $411/mo*

Obviously, I didn't include property management fees, vacancy, nor repairs/maintenance. I've found every investor treats those costs differently in their pro forma, but this gives you the idea. Is anyone seeing better cash flow in their markets?