Financing the whole amount of a property...

[Michael Madden]

Im buying a 4 unit building.

price is 150K.

rents are 25,200/yr

taxes are 6,000/yr

water/insurance 2,300/yr

Im paying cash and doing a cashout rifi at 4.75 amort. 25 years

Since my out of pocket is basically 0, am I in better shape than a conv. loan and putting down 25%?

Im figuring a return of 6k year after all expenses.