Multifam cash flow

[Mike Hanneman]

I know this is subjective to a multitude of different things, but is there a number that you experienced investors look for monthly cash flow? 4unit -$300, 8 unit- $500, etc...

I have a couple properties in mind but I'm not sure if cash flow is good enough/ worth the effort it would take to manage. Moreover, I'm trying to make sure it's a good deal for me.

[Account Closed]

Originally posted by @Ned Carey:

Generally I think multi unit investors look for at least $100 per unit but better is up to $200.  $100 is not much margin to cover problems if things go sideways. 

At least as important as that is your debt coverage ratio.

I'd like to add to Ned's comment, that the $100-200/month cash flow per unit is AFTER all expenses (not just mortgage payment) - be sure to include maintenance, utilities, management (even if you are self managing - your time = money), and a fund for cap-ex. At a minimum you should be at $100/unit, but much more preferably $200+