It will generate about 150 in cash flow.  

Should you do an equity play and hold the investment longer because of the cash flow it generates in the current market?

In my personal opinion, I would be shocked to see it turn in our lifetime, but in fairness, I'm sure the generation before us said the same thing about Franklinton lol.

I have a full-time job and my short-term goal is to get my feet wet and have a property that generates cash flow of roughly $800/month, on average, after expenses.

My goal is to invest in a property that will generate roughly $300/ month in cash flow within the first year. currently saving capital for when I do make the first purchase, I am about 5K away from hitting the 3.5% down on an FHA property in NYC, Since I live in a very expensive market (NYC) it is challenging finding a property that will generate any cash flow at all. 

The weather is pretty random though, it was high 60s and sunny this past weekend but it’s snowing as I’m typing this!

I have a property that cashflows negative $800/mo but it still generates $800/mo income (the loan is paid down $2000/mo and there’s a $400/mo Hoa.) because of depreciation the income is tax free, once it’s paid off it will cashflow $2200/mo.

We mostly do AZ and had this one randomly fall into our laps.

I don't know what the misc expense is, but even adding that back I doubt that would even be what a high interest account generates.

They're not as sexy or glamorous as Flipping or BRRRR, but either can help you generate chunks of cash without tying up yours or anyone else's cash for any real amount of time.