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Updated over 3 years ago on . Most recent reply
Best cashflow rental property cities for buying duplex in 2021
Hello guys,
I'm looking to pick area for my first investment property.
Which places in your opinion have a good cash flow properties comparing to San Antonio and also with a strong job market (I was thinking about Albuquerque NM, Atlanta, Charlotte NC, Cincinnati/Cleveland OH, Huntsville AL)
My analysis of duplex in San Antonio (El Seguin)
Duplex - El Seguin - 2021 Building | |
Price | 439000 |
Downpayment 20% | 87800 |
Principal | 19476 |
Interest 4% | |
Property management (8%. Leasing fee 50% of the rent, Lease renewal - 150 | 2876.5 |
Insurance ($66 per m) | 800.04 |
Taxes (1.97%; $700 per m) | 8648.3 |
Maintenance (4% - new building) | 1392 |
Vacancy (8%) | 2784 |
HOA ($74 per m) | 894.96 |
Rent Annual ($2900 per month) | 34800 |
Operating income: | -2071.8 |
Most Popular Reply
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There is a lot of opportunity in Ohio and a good amount of markets/submarkets depending on what your goals are. It really comes down to how well you can build out a team, this will either contribute or hurt your success OOS. @Gabriela Laguna Leon
- Brandon Goldsmith
- [email protected]
- 614-963-3340