Townhome

[Siddharth M.]

Hey guys,

This is my second post and for the past few months been scouting for buy&hold properties with the help of a realtor. I have also started to work on my marketing to get hold of some motivated sellers.

I stumbled across a new townhome (2013) for 160K (2bed, 2.5bath), which based on the location (Ballantyne, Charlotte) could rent close to 1200. HOA=146 (includes water+sewer+landscaping).

Now if I go with traditional financing and run my numbers with a 20% down, I don't see making a decent cashflow (should be atleast around $200) per door?
I just wanted to run this by seasoned investors to understand if townhomes prove a good investment for good cashflow and ensure I am not missing anything