Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

13
Posts
0
Votes
Joey Moon
  • Decatur/Huntsville Alabama
0
Votes |
13
Posts

Low income rental properties.

Joey Moon
  • Decatur/Huntsville Alabama
Posted

I am trying to find a good rental in my area and I keep analyzing deals, but the rents in my are for the houses I can afford right now all rent pretty low 600-750. I can't seem to get my expresses low enough for any of them to cash flow. Am I missing something? Ex) 50,000 purchase + rehab 20-30k. ARV 100-110K. Rental income=700,Monthly Expenses= P&I $331, TAXES $25, INS $65, VACANCY @ 10% IS $65, REPAIRS @ 5-10% AROUND $50, IF MANAGED @ 10% IS $65 = $601 THATS 99 DOLLARS IN CASH FLOW AND I'M SURE I'M EVEN MISSING SOMETHING ON EXPENSES. This seems to be the case in every property I analyze no matter what I pay for it. How or what do you guys suggest to get rents up in an area that doesn't see many rents over 700 for these types of houses or get expenses lower? Thanks for the Help!!!

Loading replies...