Posted by Space Available on February 10, 2003 at 18:48:58:
You’ll find that 4-plexes are considered to be residential properties as opposed to commercial properties. Therefore the values and cash flow will more closely track single family homes instead of apartments. To invest with hopes of getting acceptable cash flow, you will need to get into larger - 5 units and up - properties. These are more closely valued by the income they generate.
Cashflow vs Appreciation Questions - Posted by Craig - South FL
Posted by Craig - South FL on February 10, 2003 at 24:19:04:
I’ve noticed that in South Florida the asking prices residential income property are very high in comparision to their cashflows. Yet these properties are selling in less than 90 days on market for close to full price.
Here are some examples of some currently Listed 4-plexes in South FL in different neighborhoods. They vary in location and condition but look at the list price & income.
Asking Price: Monthly Gross Cashflow:
Is it possible to get positive cashflows out of these properties with creative financing? Even without a positive cashflow are these good investments given the rapidly rising market values?
Craig - South FL