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Updated almost 6 years ago on . Most recent reply

Jai Hill's profile image
Jai Hill's profile image
Jai Hill
  • Investor
  • from Toledo, OH
  • Member since Sep 13, 2017
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User Stats

8
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1
Votes
Jai Hill's profile image
Jai Hill's profile image
Jai Hill
  • Investor
  • from Toledo, OH
  • Member since Sep 13, 2017
Connect
Jai Hill
  • Investor
  • Toledo, OH
1
Votes |
8
Posts
General Landlording & Rental Properties

Good Investment or Not?

Jai Hill
  • Investor
  • Toledo, OH
Posted

I am looking to purchase a rental property for positive cash flow. What is considered a good cash flow?

Viewed a home 2BR/1 bath 900 sq/ft.  They are asking for $55k. I think I could rent for $725/mo. Everything is ready to go, no repairs needed and appliances furnished.  Only concerns are it's small and I not sure it is worth the asking price. 

What is a good negotiation price and what should I expect for a monthly return? 

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