100k renovated house is renting for $1500 to section 8. Taxes are about $200 a month, $80 a month for grass cutting, $50 a month water, $100 a month set aside for maintenance (full renovated but still saving a small amount). Roughly netting $1k a month not including vacancy. This is giving me 12% return. The only downside is little increase in property prices over time and of course section 8 is main source but I guess guaranteed rent. For those in the investing space do these numbers make sense

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Math isn't working for me. 1500/mo - 200, -80, -50, -100 = $70.00.

How many paying tenants?

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F

Are you buying in cash? If so, any reason why you aren’t leveraging this purchase?

$100K for $1500????? That’s amazing…

Yeah but there are down sides to it also, super old house. Not much appreciation.

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