I want to see $150/month cash flow AND 15% Cash on Cash return.Here is how I see this deal:Monthly Mortgage payment$0.00Taxes $66.67Sewer and Water $- (tenant paid)Trash $- (tenant paid)Heat/Utilities $- (tenant paid)HOA $- (none)Cap Ex and Ops $150.00Insurance $54.17Mgmt Fee $- (self managed)Vacancy $44.00Total Expenses $314.83Total Revenue $550.00Cashflow/month $235.17Cashflow/year $2,822.00Cash on Cash Return 15.25%

Big dog pet hair will accumulate in heating systems, air ducts, and under appliances.

Needs: New roof; possible foundation work (needs engineers report); possible plumbing work (old copper pipes); possible HVAC (has gas central heat and window ACs, would need central air, but seller may be in the process of updating) complete indoor rehab including floors; counters; light fixtures, refinishing cabinets; painting or otherwise fixing wood paneling.

It makes adding central heat and air pay for itself in a few years.

I have even seen thermostats that can be controlled remotely so to keep tabs on the AC/Heat.

$174 isn't much to handle all these plus a positive cash flow.Also how many years is the heat cost based off of?

Also if the property is older, masonry construction, central heating and/or hot water it can go higher too.

With the market heating up, I'm expecting the ARV to come in closer to $100k if I'm being realistic.Are my numbers reasonable?

If the floors are cold they turn up the heat.

Had to bring pots over to heat water on the stove!!