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Updated about 1 year ago on . Most recent reply
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How hard is it for a property to cash flow 1k/month?
I currently have 1 str in the smokies and would like to acquire a handful of more properties, likely short or medium term. My focus is on cash flow and I want to net 1k/month, assuming the loan is for 300k and there is a 20% downpayment. Is it possible to cash flow this much with midterm? I have been analyzing deals in the Cincinatti, OH area and my cash flow is hitting at around 600/month. Just wondering if it's time for a come to jesus moment.
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Quote from @Brittany Stradling:
I currently have 1 str in the smokies and would like to acquire a handful of more properties, likely short or medium term. My focus is on cash flow and I want to net 1k/month, assuming the loan is for 300k and there is a 20% downpayment. Is it possible to cash flow this much with midterm? I have been analyzing deals in the Cincinatti, OH area and my cash flow is hitting at around 600/month. Just wondering if it's time for a come to jesus moment.
My rental aribtrage units cash flow an average of 750-1000$ / month depending on the strength of the month rents. Overall mid term rentals make for great cash flow, just need the right market to bring mid term style clients. Really everything goes back to is the listing maximized? Also, have you considered making the current property you already have better therefore making a greater return on that one property than going and buying other properties. Look at returns within your portfolio rather than just acquiring more properties possibly your missing returns your properties you have already could be bringing you. Just my open thoughts based off my limited information. Happy hosting!