Dallas Investors- what’s a reasonable Cash Flow nowadays?

[Fatin K.]

So excited to have this BP community as a wonderful resource! I am a newbie aiming to purchase my first rental this year in the challenging Dallas (DFW metroplex) market. Would love to get your feedback on realistic cash flow expectations. 

I am aiming for at least $350 cash flow ($120 including 15% contingency for maint/vacancy/Cap Ex) and my target buy & hold SFR is in the 160-180K range (Fort Worth or Denton region). I'd love to hear the perspective of active and experienced investors on cash flow expectations and areas to target for that.

Thank you so much!