Suitable Home Value in south Florida for Cash Flow

[Pilar Jin]

Hi,

As a Newbie, I am going fast. This is my 3rd question post in four days.

My investment priority is Cash Flow. The rental in south Florida seems quite low, my 1st purchase was $240k two years ago, now worth of $300k. But the rental is just a bit over $2k. Originally, I wanted to buy another property in the same area, but it seems difficult to have CF. Financially, I feel a little bit more flexibility after talked to a couple of lenders. So I don't mind go for $350k or even multi-units.

For a positive CF, which areas in FL should I look? And what price range?

Best Regards

Pilar

[Wayne Brooks]

Multifamily will almost always have a better cash flow, as a percentage of price, but will generally lag behind SFR's in appreciation. But, for SFR's cash flow percentage will be higher with under $150k.