Small Multifamily Cashflow

[Antonio Esquivel]

Hey Everyone,

I currently live in Omaha NE, and have two rentals with some equity and I'm wondering If I should keep them or sell them for something larger. What kind of cash flow are we seeing between 2 to 4 units for a B class property right now? Or, what kind of cash on cash returns are reasonable in this market right now? I would self manage if that helps at all.

Right now property "A" has about $60,000 worth of equity and cash flows about $500 a month. Property "B" has about $40,000 of equity and cash flows about $400 a month. Ideally I would like to sell both for larger properties if it makes sense. A lot of what I have been finding however would cash flow the same as what I have now, even though they are more units. Is Omaha multifamily overvalued?

Thanks in advance!