Help? Is this a good deal

[Daniel Pichardo]

There’s a property I’m cosidnering purchasing. It has a tenant for the next year and a half. I’ve calculated for various annual expenses such as cap-ex ($800), R$M ($800), vacancy 5%,, etc. it’s built 2014. In a decent area (3/5) with job growth and rent growth guaranteed. I will make back investment in less than 5 years. However, after all expenses the cash flow is low. Is this worth it? It’s my first investment and I fell this is the best deal I’ve found. 

[JingJing He]

What does worth it means do you? Are u ok to sit on it long term and wait for appreciation? Being a landlord is a part time job. If cash flow is lower than $300 u will feel stress as every little fix ( if u are not up to doing the fixes urself) would cost at least $75( cost to have someone diagnose the problem).

I would suggest getting home warranty if u don’t know how to do small fixes.

However if sitting on it for a few years would bring in sizable appreciation and you will then unload, then that might be worth it.

Another way of looking at it would be someone else is paying for you to own a house free and clear in say after paying mortgages.