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Updated over 4 years ago,
Should I offer on this multi-family that cash flows $300/mo?
My agent just sent me a 4-unit property that rents for $600/door. My conservative estimate is that it will cash flow around $300/mo total. My other property in the area (SFH) cash flows $200 and the purchase price was half as much.
Is it worth investing in a multifamily that does not cash flow that much better than a single family home? I am not sure if the extra work associated with a multi-family makes it worth it.