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Updated over 13 years ago on . Most recent reply

User Stats

228
Posts
75
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Phillip Gainey
  • Michigan
75
Votes |
228
Posts

Is this realistic?

Phillip Gainey
  • Michigan
Posted

I know of a property with a listing price of $87k and an estimated rent of $975. The seller claims such a rental could earn a positive cash flow of $250-350 a month and a cash ROI of 20%. Is that realistic?

It is an older home all brick built in 1959. Taxes are probably around 150 a month. I know because a own a similar 4/2 about two miles away.

PG

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