But that is calculated after expenses and depreciation is factored in. 

Be sure to factor in repair costs to keep things profitable.

Investment Info:

Condo private money loan investment.

Purchase price: $640,000

Cash invested: $640,000

Investing in Condo properties in Broward County, FL

What made you interested in investi...

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

A lot of factors go into this. 

Is that factored in?

That means fewer vacancies and steady rental income.The city’s economy is another big factor.

Insurance is now a big factor in the expenses of investment properties, even here in Reno, NV there are areas that have had large increases for single and multifamily properties.

JobsOhio projects that, indirectly, approximately 4,500 additional jobs will be created by 2035, further amplifying this effect.Implications for Real Estate DemandThe substantial increase in the workforce will drive demand for both rental and owner-occupied housing.

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(