Can I produce $3k net per month with $130k down in multifamily ?

[Christian O' Reilly]

Long time listener to the podcasts, first time asking - I've $130k to invest. I've flipped homes for 4 yrs. I manage private and rental properties as my full time job. I'm looking at investing into multifamily properties. I would like to produce $3k per month net passive income, with my $130k as my down payment. I guess I'm looking at anything or multiple units up to - $600k range, depending on down payment required..!

My question is - Is it possible to produce $3k with $130k in multifamily ?

[Russell Brazil]

That would be a 27% cash on cash return which is not likely realistic. If something appears to have that return, it will only appear that way on paper and will not produce that way in reality.