Should I Buy This? It's at market price but it cash flows!

[Rob Duhon]

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[Nathan Norway]

Rob,

You are putting down 62k for a down payment but only expect to cashflow 175 a month? That's roughly 3.3% Cash on cash return not including closing costs or repairs. The cap rate is also listed under 6%.

Are you okay with that low of a cash on cash return? Is that cap rate normal for your area? It is cash flow positive, but I'm not sure I would purchase if I have to put down that much to get so little cash flow on the property.