Cash Flow in Fort Collins area?

[Levi Bjork]

Hi All,

I'd be curious for people's feedback regarding acceptable cash flow on a single family home in the Fort Collins area, given that our home values are generally trending upwards and on the higher side. I'm going to be turning my current residence into a rental and depending on how much cash I pull out (refinance) I'll be looking at anywhere from $280 - $330 Cash Flow (Yes, after I've factored in PITI, Maintenance, Vacancy, Cap Ex). Currently I owe $155K before refinance, current value is probably in the $310-$320 range. Does this seem OK? I know it's not a ton of extra income and I hear stories about people raking in much more per SFH ($700-$900 range). Perhaps they bought during the downturn? What is everybody else netting on similar homes (just in general)?

Thanks for your Help!

[Bob Vollmer]

I'd have to agree with @Mike D. on this. Since our market has been so incredibly hot over the past few years, it is extremely hard to find a SFH that cashflows well. To be honest, your $280-$330 would be one of the better cash flowing properties that I've seen in quite a while. We are going to start seeing a lot of apartments and condos hit the market in the near future, so be sure to factor that in. With the recent work done to repeal the construction defect law, I only foresee even more multi family properties being built in the future.