Phoenix cash flow question

[Ibrahim Yamini]

This question similar to one I asked before but are any of you investors that own houses under $300K making at least $500 Net?   I got a response where some people are saying they make $150 after all expenses and that just seems strange to me.

 Since I’ve been doing a lot more research, I’ve been getting a better return on projected income for different properties.  I generally take out about $400 - $500 for expenses and use rentometer.com as a base.

Since I’m only buying one property at the moment, I likely won’t need a property manager in the beginning so I can add that $200 back into net profit.  When I exclude the property manager cost, I usually project to make between $400 - $600 net.

Am I missing something?  I wasn’t expecting my projections to net that much a month, but the numbers seem to work.

Did any of you first time investors net a profit you weren’t expecting? Or higher than what you were expecting?

-Ibrahim