Is 60x GSI Likely To Produce Good Cashflow?
Hi,
I'm looking at a 5 unit right now for 60x gross monthly rents. This seems to be a property that would cash flow nicely and yet when I run it through the calculator on this site, it appears marginal. What multiplier do you use when determining whether or not to even look at a property?
Thanks,
Brett
Add up all income and expenses and see what your bottom line is....
I know what multipliers I use for properties in my area, but they are 100% irrelevant to you in your area. Talk to some landlords to get a better feel for things. As has been said, start figuring out how much you'll pay for taxes, insurance, maintenance, management, and utilities, and run the numbers backwards.