Request everyone's opinion reference cash flow.

[Vernell D Watson]

Hello Everyone,

I have a quick question. Does it makes sense to buy a multi family home for 180K that will cash flow $1100 a month after the mortgage, taxes and insurance is paid? It's a two unit property and each unit pays $1275. Some of my friends say that I would be acquiring to much depth (180K) for such a small return. I disagree, 1275 x 2 = $2550 x 12 = $30,600 / 180k =  a 17% cap rate roughly. These numbers make sense to me......comments?