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Updated over 5 years ago on . Most recent reply

User Stats

64
Posts
7
Votes
Adam Harper
  • Rental Property Investor
  • New York, NY
7
Votes |
64
Posts

Turnkey 4plex rentals — $300 CF

Adam Harper
  • Rental Property Investor
  • New York, NY
Posted

Would you do it? I’m looking at a 4plex in south Florida with 100% occupancy, in mid $500k, very high property tax. After running the number, I came up with $300/mo CF. Is it worth it?

Most Popular Reply

User Stats

36
Posts
21
Votes
Daniel Winsor
  • Rental Property Investor
  • FL
21
Votes |
36
Posts
Daniel Winsor
  • Rental Property Investor
  • FL
Replied

In case you don't have experience with property in South Florida, take into consideration the property insurance. You will probably need hazard, wind, and flood. They can vary WILDLY year to year. My policy for wind is doubling or tripling this year. That alone could make your $300 a month cash flow go away very quickly. I would make sure you understand those numbers well before pulling the trigger.

That said, a good rule of thumb I've seen is $100 minimum per door. Even $100 a month is pretty low in my opinion, but that is my threshold.

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