All Forum Posts by: Nathanael Smith

Is it even possible to get a sfr to cash flow in the Norwich area of conneticut? It seems as though the only property’s that will cash flow a substantial amount are multi family’s

Found a house in my area priced at 135000. It’s a 3 family in a good enough area in a large rental market. I ran the numbers thru the deal check app and even with 2 units only being rented out it’s got a cap rate of 10.1% and cash flows 408 dollars a month at 1200 per unit for per month rent. With all three being rented out at 1200 dollars per month it’s cap rate jumps to 13.4 and cash flows 1100 a month. What do you all think about this? Any tips or advice on how to proceed?

I found this app and I’ve been using it to determine if a property will cash flow

When looking at property’s, how do you know that it’s going to be easy to rent out? How do you determine if the cash flow is going to be worth buying, and how do you determine what area to buy in?

I’ve looked at nearly every property in the 125k-170k price range in Norwich, CT and have yet to find one that cash flows a minimum of 300 a month, any tips on where to look? Should I increase my price range?