$34k Duplex with $400/month positive cash-flow

[Faisal Sami]

Hey everyone
Here is a deal I closed on in January. I bought a duplex in Cleveland for $27k and put in $7k in fix up. I get $950 in total rent, $475 each side. I have a seller financed note for $19k and my monthly payment is $414/month for 4 years with a balloon of $4k and the property is free and clear. I pay about $150 for insurance,taxes and property management. So i get $350/month in positive cash-flow. Been working out great. My property manager goes and collects the rent each month at the tenants front door and then deposits right into my bank account the same day. Been working great .