if the property has a effective gross income of $17,010.00 yearly would you base the purchase price at 170,010.00 being that you wanted a 10% return…
Islander,
Without more info, it’s hard to tell, but with a gross income of 17K/yr and based solely on that, if you want positive cash flow you shouldn’t pay more than 100-110K for the property. Just a rough guesstimate based on gross income.
Phil